单词 | store of value |
释义 | store of value One of the functions of money. If asset prices are stable, money is unattractive as a store of value, as it brings in no income, but if asset prices are unstable, it is attractive to hold some part of total assets in money, as a safeguard against risk. Money is particularly attractive as a store of value if there is believed to be any chance that prices generally will fall, and is less so the more inflation is thought likely. |
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