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27.1 Defining Money by Its Functions, A nation's money must be a credible store of value in order for its citizens to engage in labor and trade, save money, and spend it, A store of value is any form of wealth which retains purchasing power without ... Money as a Store of Value, A store of value is something that people use to transfer purchasing power from the present to the future, A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved., Can you name some item that is a store of value, but does not serve the other functions of money?, Explain the 'store of value' function of money, Functions of Money, Introducing Money | Boundless Economics, Money as a Store of Value: Definition & Overview, Money is a type of asset in an economy that you can use to buy goods and services from other people or businesses., Money serves as a medium of exchange, a unit of account, a store of value, and a standard of deferred payment., One of the functions of money in an economy is that it serves as a store of value, Store of value, Store Of Value Definition,