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Store of value
A store of value is any commodity or asset that would normally retain purchasing power into the future and is the function of the asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.[citation needed]
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital. The point of any store of value is risk management due to a stable demand for the underlying asset.[1]
- ^ Mankiw, N. Gregory (2012). Essentials of Economics. Cengage Learning. p. 437. ISBN 978-1133418948. Retrieved 2 January 2017.
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