Back to Glossary

Store of value

One of money's three core functions: the ability to preserve purchasing power over time. A good store of value maintains its worth between when you earn it and when you spend it. Inflation erodes money's store-of-value function, which is why people in high-inflation countries often hold dollars or gold instead.

Learn about this term

Related Terms

Vocabulary from all courses. Terms are cross-referenced to show where each concept appears.