Which of the following best illustrates the concept of a store of value?

a. You are a precious-metals dealer, and you are always aware of how many ounces of platinum trade for an ounce of gold.

b. You sell items on eBay, and your prices are stated in terms of dollars.

c. You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies.

d. None of the above is correct

Expert Solution

The correct option is C. You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies.

Rahul Sunny answered 2 years ago

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