ALTHOUGH NOT A UNIQUE STORE OF VALUE, PEOPLE FIND MONEY A CONVENIE...

72) Although not a unique store of value, people find money a convenient store of value because

(a) it does not decline in value when prices rise.

(b) its value remains fixed to the price level; that is, if prices double so does the value of money.

(c) it is the most liquid asset.

(d) of all of the above.

(e) of none of the above.

Answer: C