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by rmah
2312 days ago
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"Store of value" is not how economists (and most normal people) define money. Pretty much any non-degrading asset can be a store of value. That doesn't make them money. To be money, something must fulfill three criteria: 1) be a medium of exchange, 2) be a store of value and 3) act as a unit of account. It helps if the something is also fungible, easily divisible, etc. |
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