The statement "Money maintains purchasing power over time" is generally considered true in the context of stable economies, although it can be affected by inflation and other economic factors. In reality, money often does not retain the same value or purchasing power permanently due to inflation, economic changes, and other influences. Therefore, if you were to choose the most accurate statement related to money's function, it would be that money is intended to maintain purchasing power, but this can vary over time.
Which of these statements is true about money?(1 point)
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.
1 answer