Monetary Economics quizzes
How money, banks and central bank decisions shape inflation, interest rates and everyday economic activity.
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From Monetary Economics: Functions and forms of money · The Functions of Money
Prices double every year, so cash kept at home buys half as much a year later. Which function is failing?
- Standard of deferred payment
- Medium of exchange
- Store of value
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Answer: Store of value
Storing value means carrying purchasing power into the future; inflation steadily erodes what each unit of money can buy.
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