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How does money perform its role as store of value. - Economic Applications

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प्रश्न

How does money perform its role as store of value. 

थोडक्यात उत्तर

उत्तर

  1. Store of value means store of wealth for use in future i.e., shifting of purchasing power from the present to future.
  2. Money is not perishable and its storage costs are also considerably lower. It is acceptable to anyone at any point of time.
  3. It, thus, enables the people to save a part of other current income and store it for future use.
  4. Thus, the money provides the link between the present and the future.
  5. Store of value function of money is also called as asset function of money. 
    Money is a matter of functions four.
    A medium, a measure, a standard, a store.
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Functions of Money
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Meaning and Functions of Money - QUESTIONS [पृष्ठ १८४]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 7 Meaning and Functions of Money
QUESTIONS | Q 3. 2 (ii) | पृष्ठ १८४
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