QuestionAugust 6, 2025

Which of the following would function as a store of value, and also provide a medium of exchange, and unit of account? jewerly a new TV gym membership an estate

Which of the following would function as a store of value, and also provide a medium of exchange, and unit of account? jewerly a new TV gym membership an estate
Which of the following would function as a store of value, and also provide a medium of
exchange, and unit of account?
jewerly
a new TV
gym membership
an estate

Solution
4.1(309 votes)

Answer

An estate functions as a store of value, medium of exchange, and unit of account. Explanation 1. Define Store of Value A store of value retains purchasing power over time. 2. Define Medium of Exchange A medium of exchange is widely accepted in transactions. 3. Define Unit of Account A unit of account provides a standard measure for pricing goods and services. 4. Evaluate Options Jewelry, TV, gym membership, and estate are evaluated against these criteria.

Explanation

1. Define Store of Value<br /> A store of value retains purchasing power over time.<br />2. Define Medium of Exchange<br /> A medium of exchange is widely accepted in transactions.<br />3. Define Unit of Account<br /> A unit of account provides a standard measure for pricing goods and services.<br />4. Evaluate Options<br /> Jewelry, TV, gym membership, and estate are evaluated against these criteria.
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