ICSE Class 10 Answered

How does money act as a store of value?

Asked by Topperlearning User | 24 Apr, 2015, 07:31: AM

Expert Answer

People keep their wealth in the form of money because money is the most liquid form of wealth. Savings in the form of money are maintained for purchasing commodities with the savings in future. In this case, the values of commodities are being stored. Hence money acts as a store of value.

Answered by | 24 Apr, 2015, 09:31: AM