The function of money that allows individuals to save purchasing power for the future is called:

CA Foundation · Business Economics · MTP · September 2025
The function of money that allows individuals to save purchasing power for the future is called:
(A) A. Medium of exchange
(B) B. Unit of account
(C) C. Store of value
(D) D. Standard of deferred payment

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Store of value

Topics: Money Market

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic