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  2. Key Takeaways

    • A store of value is an asset that maintains its value, rather than depreciating.
    • Gold and other precious metals are good stores of value because their shelf lives are essentially perpetual.
    • A nation's currency must be a reasonable store of value for its economy to function smoothly.
    www.investopedia.com/terms/s/storeofvalue.asp
    www.investopedia.com/terms/s/storeofvalue.asp
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  3. People also ask
    What is an example of a store of value?An example of a store of value is someone earning money on their paycheck and then depositing in the bank later on. They can then withdraw this money, knowing it retained its value over time, and spend it on goods and services. What is meant by store of value? Store of value means that an asset can hold a relative value over time.
    What is considered a good store of value?If an item can be held and converted into money in the future without a decrease in value, it is considered a good store of value. Various commodities are considered stores of value by virtue of their divisibility, durability, and portability.
    Which commodities are considered stores of value?Various commodities are considered stores of value by virtue of their divisibility, durability, and portability. A store of value is an asset, currency, or a commodity that can be stored and retrieved at a later date without losing its value.
    What does supply mean in economics?When economists refer to supply, they mean the relationship between a range of prices and the quantities supplied at those prices, a relationship that we can illustrate with a supply curve or a supply schedule. When economists refer to quantity supplied, they mean only a certain point on the supply curve, or one quantity on the supply schedule.
     
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