Question

“Money is non-perishable and is acceptable to anyone at any point of time.” Identify, the function of money indicated in the aforesaid statement and choose the correct option.

Options

• Store of Value

• Medium of Exchange

• Unit of Account

• Standard of Deferred Payments

Answer 1

Store of Value

Explanation:

Money’s ability to store purchasing power for future use. Unlike perishable items, money retains its worth over time and can be stored or used to purchase goods and services. This reflects its role as a value store, allowing individuals to move their wealth or consumption from the present to the future.