Answer to Question #298503 in Finance for Ayzaa

Question

Was money a better store of value in the United States in the 1950s than it was in the 1970s? Why or why not? In which period would you have been more willing to hold money?

Answer 1

The rate of inflation in the 1950s was a bit slow as compared to in the 1970s hence it was a better store for value as the money could not lose its value and people would be willing to hold more.