Money would cease to be a good store of value when
...Money would cease to be a good store of value when
Prices of goods and services are falling slowly
There is a high level of unemploymentÂ
Prices of goods and services are rising rapidly
Prices of goods and services are rising slowingÂ
Correct answer is C
Money is considered a store of value, where it can be used as a means of saving and allocating capital. Where the value of goods and services is on the rise, the purchasing power of money drops. With this, the value of the money that was stored years back will no longer have the same value due to the change in the prices of commodities.
The practice of selling goods overseas and often below the cost of production is known as ...
The most generally accepted definition of economics is ...
All the following are different forms of money except ...
The output approach to measuring national income is based on the computation of ...
One problem in the marketing of agricultural products in Nigeria is ...
The theory of consumer behavior is based on all the following assumption except that the ...