Unformatted text preview: example of this function in my everyday life would be that sometimes I have a yard sale and I will collect money for which my customers get something of value to them that I had at a discounted price. The last function is called store of value. This is where “a money must be able to be reliably saved, stored, and retrieved-and be predictably useable as a medium of exchange when it is retrieved” (Wikipedia.org, 2011). An example of where I might use this in my everyday life is at Christmas time I will buy each of my children a gift card, so that later they can go and purchase a gift for themselves that they want instead of me getting the wrong gift. References • Amos Web Encylonomics, Money, October 10, 2011. Retrieved from http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=money • Wikipedia Encyclopedia, Money, 2011. Retrieved from http://en.wikipedia.org/wiki/Money...
View Full Document
This note was uploaded on 02/28/2012 for the course ECONOMICS XECO 212 taught by Professor Tsilis during the Spring '09 term at University of Phoenix.
- Spring '09