Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate?

Measure of value

Medium of exchange

Divisibility

Store of value

The correct answer for this would be Store of Value. The $20 bill that was torn into 4 pieces has still maintained its value without depreciating, therefore it can still be saved, stored, and retrieved. Mark simply exchanged for a bill with the same monetary value.

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Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate? Measure of value Medium of exchange Divisibility Store of value

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Mark washes his jeans and finds that the $20 bill that was in his pocket is in four pieces. He takes the four pieces to the bank and receives a nice crisp $20 bill. What function of money does this illustrate?

Measure of value

Medium of exchange

Divisibility

Store of value