Which of these statements is true about money?(1 point)

Responses

Money maintains purchasing power over time.
Money maintains purchasing power over time.

Money does not provide a standard unit of measurement.
Money does not provide a standard unit of measurement.

Money stays at the same value over time.
Money stays at the same value over time.

Money retains the same value permanently.
Money retains the same value permanently.

1 answer

The true statement about money from the options provided is:

Money maintains purchasing power over time.

This statement is accurate in the sense that money is intended to serve as a medium of exchange and a store of value, although in practice, inflation and other factors can affect its purchasing power over time.

The other statements are false because:

  • Money does provide a standard unit of measurement (it is used to value goods and services).
  • Money does not stay at the same value over time due to inflation and other economic factors.
  • Money does not retain the same value permanently, as its value can fluctuate.