221. Describe what else can be used instead of money as a store of value

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221.Describe what else can be used instead of money as a store of value.
A store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern economies. Explore how money functions as a store of value while comparing to similar assets and systems. Updated: 10/13/2021
What is a Store of Value?
Money is a type of asset in an economy that you can use to buy goods and services from other people or businesses. One of the functions of money in an economy is that it serves as a store of value. A store of value is something that people use to transfer purchasing power from the present to the future. While money is an asset that can store value, it's not the only type. Gold and silver, for example, act as stores of value
222 Count the functions of money.
Identify the functions of money and describe the three government measures of the money supply.
Finance is about money. So our first question is, what is money? If you happen to have one on you, take a look at a $5 bill. What you’ll see is a piece of paper with a picture of Abraham Lincoln on one side and the Lincoln Memorial on the other. Though this piece of paper—indeed, money itself—has no intrinsic value, it’s certainly in demand. Why? Because money serves three basic functions. Money is the following:
1 A medium of exchange
2 A measure of value
3 A store of value
To get a better idea of the role of money in a modern economy, let’s imagine a system in which there is no money. In this system, goods and services are bartered—traded directly for one another. Now, if you’re living and trading under such a system, for each barter exchange that you make, you’ll have to have something that another trader wants. For example, say you’re a farmer who needs help clearing his fields. Because you have plenty of food, you might enter into a barter transaction with a laborer who has time to clear fields but not enough food: he’ll clear your fields in return for three square meals a day.
This system will work as long as two people have exchangeable assets, but needless to say, it can be inefficient. If we identify the functions of money, we’ll see how it improves the exchange for all the parties in our hypothetical set of transactions.

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