Which characteristic of money refers to its ability to hold value over time?

CA Foundation · Business Economics · RTP · September 2024
Which characteristic of money refers to its ability to hold value over time?
(A) A. Divisibility
(B) B. Durability
(C) C. Portability
(D) D. Store of value

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Store of value

Topics: Money Market

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