d. Protection against inflation
While money serves as a medium of exchange, a store of value, and a unit of account, it does not inherently provide protection against inflation. In fact, inflation can erode the purchasing power of money over time.
a. Medium of exchange
b. Store of value
c. Unit of account
d. Protection against inflation
1 answer
d. Protection against inflation
While money serves as a medium of exchange, a store of value, and a unit of account, it does not inherently provide protection against inflation. In fact, inflation can erode the purchasing power of money over time.