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Explain store of value function of money? - Answers

The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.



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Explain store of value function of money? - Answers

https://math.answers.com/math-and-arithmetic/Explain_store_of_value_function_of_money

The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.



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https://math.answers.com/math-and-arithmetic/Explain_store_of_value_function_of_money

Explain store of value function of money? - Answers

The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.

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      The store of value function of money refers to its ability to maintain purchasing power over time, allowing individuals to save and defer consumption. Money serves as a reliable means to hold wealth, as it can be saved and used in the future without losing significant value. This function is crucial for planning and investment, as it enables people to accumulate wealth and make future purchases. However, its effectiveness can be influenced by factors such as inflation, which can erode the value of money over time.

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