Question : It was difficult to use goods as a store of wealth due to perishable nature of some goods and high cost of storage. Which function of money has solved this problem.
Option 1: Medium of exchange
Option 2: Measure of value (Unit of value)
Option 3: Store of value
Option 4: Standard of deferred payment.
Answer (1)
15th Jan, 2024
Correct Answer:
Store of value
Solution :
Money as store of value has solved the problem of store of goods and services.
Hence Option C is correct.
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