Which of the following statements is false? Question 12 options: Money is the only good that can (or does) serve as a store of value. In a barter economy, there is no good that serves as a unit of account. There are higher transaction costs of making exchanges in a barter economy than in a money economy. Money functions as a medium of exchange, unit of account, and store of value.

A. Money is the only good that can (or does) serve as a store of value.

Explanation:

Money is generally acceptable as a means of making payment. It should be noted that money functions as a unit of account, medium of exchange, standard for defered payment, and store of value.

Money is not the only good that can (or does) serve as a store of value. Gold, Diamond can also be used as a store of value.

Therefore, the correct option is A.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%