Money can be used to buy assets. Assets can be things like land, houses and vehicles. They can be sold in future for money.
No, because the value of money depreciates with inflation.
Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.
Money has three functions, being a: 1) store of value; 2) unit of account; 3) medium of exchange. The first, a store of value, implies that money maintains and stores its value over time - unlike many other mediums of exchange, which can depreciate. Money is intended to be storeable, retrievable, and reuseable as a medium of exchange itself. Therefore, being a store of value does not mean that money can be used to measure the value of other commodities - that is its third function, medium of exchange.
Store of value
Take a toy in a store for example. The price is the amount of money you have to pay to buy it from the store. The value is the amount of money that the object is actually worth - how much money it took to make it.
Money can be used to buy assets. Assets can be things like land, houses and vehicles. They can be sold in future for money.
No, because the value of money depreciates with inflation.
Money acts as a store of value because it is valuable. Money can be held and spent when something is worth it's value.
What are the funcation of money
Printed money or electronic transfers and deposits obviously have no intrinsic value. However, money serves as a store of value because societies have agreed that it can be used to trade for goods and services.
Money as a Medium of Exchange, Money as a Measure of Value, Money as a Store of Value.
Money has three functions, being a: 1) store of value; 2) unit of account; 3) medium of exchange. The first, a store of value, implies that money maintains and stores its value over time - unlike many other mediums of exchange, which can depreciate. Money is intended to be storeable, retrievable, and reuseable as a medium of exchange itself. Therefore, being a store of value does not mean that money can be used to measure the value of other commodities - that is its third function, medium of exchange.
Game Stop does, but it's better to get store credit because the value for store credit to money is better.
It is used as a store of value.
Store of value
When money serves as a store of value it is a monetary unit for comparing and measuring the relative values of goods. It helps to keep the wealth readily for future use.