--%>

Importance of Store of Value function of money

Importance of Store of Value function of money: People save a portion of their earnings for utilization in future. But in what form? Money fulfills this requirement of the people. Money as a store of value signifies that money is an asset and can be stored for utilization in future and one can hold one?s earnings till the time one wishes to spend it. It is the store of value function of Money.

   Related Questions in Microeconomics

  • Q : Determining opportunity cost Suppose a

    Suppose a doctor has a private clinic in New Delhi and his annual earnings are of Rs10 lakh. When he works in a Government Hospital in New Delhi, his annual earnings are of Rs 8 lakh. Determine the opportunity cost of encompassing a clinic in New Delhi?

  • Q : Wage Discrimination problem Both level

    Both level of the employment by a firm and the average rate of monopsonistic exploitation of labor are raised when a firm is capable to: (1) Outsource by hiring low productive workers in the foreign countries. (2) Replace the workers with automation by an industrial r

  • Q : Horizontal sum of the quantities in

    The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established

  • Q : Direction of the income effect The

    The direction of the income effect can’t be: (i) Negative for inferior goods. (ii) Positive for the luxury goods. (iii) Zero for a good which some people consider a requirement. (iv) Expected when we know only the size and direction of substitution effect.

  • Q : Implicit costs incurred by the firm I

    I have a problem in economics on implicit costs incurred by the firm. Please help me in the following question. Each and every implicit cost incurred by the firm are: (1) Opportunity costs for the owner-supplied resources. (2) Explicit costs of each a

  • Q : Problem related to aggregate demand

    Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

  • Q : Financial Capital-Monopoly power Can

    Can someone help me in finding out the right answer from the given options. The corporation is least probable to secure funding for its operations by: (1) Acquiring its biggest competitor via a merger which consolidates its monopoly power. (2) Issuing the common stock

  • Q : Non-discriminating firm with monopsony

    I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The non-discriminating firm with the monopsony power in labor market confronts a: (1) Wage rate which consistently surpasses the marginal rev

  • Q : Plans of savers and investors This

    This capital market is within a closed private economy. Primary plans of savers and investors are demonstrated as curves S0 and I0. There Market equilibrium will exist at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point

  • Q : Define straight line of supply curve

    When a supply curve is a straight line start from the origin, in that case supply is: (i) relatively elastic for all prices and quantities. (ii) relatively inelastic for all prices and quantities. (iii) unitarily elastic for all prices and quantities.