question 1 of 10\na person puts $50 into a bank. that person knows that her $50 will have the same value…

question 1 of 10\na person puts $50 into a bank. that person knows that her $50 will have the same value when she takes it out of the bank, even if its years later. this is an example of which function of money?\na. transfer of value\nb. store of value\nc. standard of deferred payment\nd. measure of value

question 1 of 10\na person puts $50 into a bank. that person knows that her $50 will have the same value when she takes it out of the bank, even if its years later. this is an example of which function of money?\na. transfer of value\nb. store of value\nc. standard of deferred payment\nd. measure of value

Answer

Brief Explanations:

Money as a store of value means it can be saved, retrieved, and used in the future while retaining its purchasing - power to some extent. Here, the person believes the $50 will have the same value when taken out later, which is characteristic of money as a store of value. Transfer of value is more about moving value between parties. Standard of deferred payment relates to future payments in contracts. Measure of value is about using money to express the value of other goods and services.

Answer:

B. Store of value