Which of the following is a valid criticism of the use of money as a store of value in modern economies?
A. annual inflationary loss of buying power
B. money supply is too narrowly defined
C. storing money is wasteful
D. imperfect as a unit of account
Answer:A
Which of the following is a valid criticism of the use of money as a store of value in modern economies?
A. annual inflationary loss of buying power B. money supply is too narrowly defined C. storing money is wasteful D. imperfect as a unit of account
Explanation: Type: Multiple Choice Category: Evaluate