Question

If you place a part of your summer earnings in a savings account, you are using money primarily as a

Multiple Choice
medium of exchange.
store of value.
unit of account.
standard of value.

Answer 1

If you place part of your summer earnings in a savings account, you are using money primarily as a **store of value**. This means you are saving your money to retain its value over time, allowing you to use it in the future.