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

Question

Responses

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

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

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

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

Answer 1

None of the statements are true as they are presented.

1. "Money stays at the same value over time." - This is false because the value of money can fluctuate due to inflation and deflation.

2. "Money does not provide a standard unit of measurement." - This is false because one of the primary functions of money is to act as a standard unit of measurement.

3. "Money retains the same value permanently." - This is also false, as the value of money changes over time due to economic factors.

4. "Money maintains purchasing power over time." - This is generally false because purchasing power can diminish over time due to inflation.

In summary, the correct interpretation of money is more nuanced and dynamic than the statements provided.