Statement I: The most important job of money is as a store of value.
Statement II: Over 70 percent of our money supply consists of paper money.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and be predictably useful when retrieved.

Money Supply

The aggregate financial resources within an economy, including cash, coins, and the funds in checking and savings accounts, at a designated time.

Paper Money

Currency in the form of paper notes issued by the government or central bank as legal tender for transactions.