Asked by Dawson Lewis on May 12, 2024
Verified
U.S. government bonds, fine art, and silver are all
A) media of exchange.
B) units of account.
C) stores of value.
D) extremely liquid assets.
U.S. Government Bonds
These are securities issued by the United States Department of the Treasury, which represent loans made by investors to the federal government.
Fine Art
A category of art that is considered to be created primarily for aesthetic and intellectual purposes and judged for its beauty and meaningfulness.
Silver
A precious metal used for investment, industrial applications, and jewelry, known for its conductivity and antibacterial properties.
- Understand the basic functions of money and its significance in the economy.
Verified Answer
KD
Kortese DelaneyMay 15, 2024
Final Answer :
C
Explanation :
U.S. government bonds, fine art, and silver are considered stores of value because they can be saved, retrieved, and exchanged at a later time, potentially maintaining or increasing their value over time.
Learning Objectives
- Understand the basic functions of money and its significance in the economy.