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Question
Which of these statements is true about money?(1 point)
Responses
Money maintains purchasing power over time.
Money maintains purchasing power over time.
Money retains the same value permanently.
Money retains the same value permanently.
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.
1 answer
The statement that is true about money is:
Money maintains purchasing power over time.
This statement captures the idea that while the value of money can change due to inflation and other economic factors, it is generally expected to maintain some degree of purchasing power. The other statements are not accurate regarding the characteristics of money.
