which of the following function of money makes it possible for any person to provide for old age?
Question 1 Report
which of the following function of money makes it possible for any person to provide for old age?
Answer Details
The function of money that makes it possible for any person to provide for old age is "store of value." This means that money can be saved or invested in various forms and held over time, without losing its purchasing power. In other words, money can be stored or "saved" for future use, such as during retirement, when the person may no longer be earning a regular income. The other functions of money, such as medium of exchange, measure of value, unit of account, and standard for deferred payment, do not directly relate to the ability to provide for old age.
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