Explain Store of value function of money.

1.	Explain Store of value function of money.
Answer» 1. Wealth can be conveniently stored in the form of money. Money can be stored without loss in value. 2. Savings are secured and can be used whenever there is a need. 3. In this way, money acts as a bridge between the present and the future. 4. Money means goods and services. Thus, money serves as a store of value. 5. It is also known as asset function of money.

Answer»

1. Wealth can be conveniently stored in the form of money. Money can be stored without loss in value.

2. Savings are secured and can be used whenever there is a need.

3. In this way, money acts as a bridge between the present and the future.

4. Money means goods and services. Thus, money serves as a store of value.

5. It is also known as asset function of money.

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Explain Store of value function of money.

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