Question

When you stuff dollar bills under your mattress, knowing that they will be there next year to help buy your next major purchase, money is serving which function:

Store of real assets

Medium of exchange

Store of wealth

Unit of account

Answer 1

Store of wealth

Step-by-step explanation:

Store of wealth means that money retains it value and purchasing power over time. Thus, it can be stored or kept away and used sometime in the future without money losing its value.

Other functions of money are :

1. Medium of exchange: money can be used to exchange for goods and services in transactions.

2. Unit of account: money can be used to determine the value of goods and services being exchanged.

I hope my answer helps you