--%>
Assignment Help - homework help

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 : Inferior good from income elasticity of

    When income elasticity of market demand is minus 1 (one), the good is: (w) average good. (x) intermediate good. (y) inferior good. (z) "image" good. How can I solve my economics problem? Please suggest me the corre

    		•
  • Q : Maximize profits at fixed costs A

    A monopoly along with huge fixed costs but no variable costs will maximize profits where is: (w) the price elasticity of demand is vast. (x) total costs are minimized. (y) MR = MC = 0. (z) price minus average cost is maximized

  • Q : Cross-elasticity coefficient When the

    When the number of textbooks sold falls/drops 10 percent whenever college tuitions double, textbooks and college enrollments are _____ goods and their cross-elasticity coefficient is mainly _____. (i) Superior; 5.0. (ii) Inferior;   10.0. (i

    		•
  • Q : Guidelines for Estimating Times and

    Guidelines for Estimating Times and Costs: Determine responsibilities. Use many people to estimate. Base estimates on general conditions. Select time units, and be consistent in their use. Indepen

    		•
  • Q : Competitive Profit Maximization-average

    The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve

    		•
  • Q : Percentage changes in quantity supplied

    The price elasticity of supply can be very approximately computed as the percentage change within: (w) responsiveness of price to variations within the quantity supplied. (x) quantity divided through the intercept coefficient of the supply curve. (y)

    		•
  • Q : Income sufficient to physical survival

    The view about all people is entitled to income sufficient to comfortably sustain their physical survival is termed as the: (1) survival standard. (2) contribution standard. (3) needs standard. (4) standard deduction. (5) equality standard.

  • Q : Relatively price elastic demand For

    For Cournot’s Spring Water the demand is relatively price elastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

    Q : Relative utility-Consumer Equilibrium

    Can someone please help me in finding out the accurate answer from the following question. The relative utility from the last dollar used up on food is the ratio: (i) Marginal utility of food or production cost of food. (ii) The Price of food or net grocery bill. (iii

    		•
  • Q : Determine price elasticity of demand An

    An approximate estimate of the price elasticity of demand is best computed by the absolute value of the formula: (1) change in P / change within Q. (2) % change in Q / % change in P. (3) % change in Q / % change in income. (4) % chang

    		•