Answer to Question #60515 in Economics of Enterprise for felix de jesus
Robert found his childhood piggy bank, which had been lost for ten years. The $20 bill inside it is still worth $20. What function is money serving in this example?
The money function is serving store a value in this example.
It means the money holds value $20 over ten years.
The money allows Robert to store purchasing power for the future.
The answer is a store of value function