Questions: Gold and other precious metals are easy to store for long periods of time because they will not spoil, making them an example of which of the following? Double coincidence of wants Unit of account Store of value Medium of exchange

The answer is Store of value.

This term refers to a situation in a barter system where two parties each possess an item the other wants, allowing them to make an exchange. It is not relevant to the storage of precious metals.

A unit of account is a standard numerical monetary unit of measure that provides a consistent way of valuing goods and services. While gold can be used as a unit of account, the question specifically asks about the ability to store value over time.

Gold and other precious metals are considered a store of value because they can retain their value over long periods without deteriorating. This makes them a reliable way to preserve wealth.

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties. While gold can be used as a medium of exchange, the question focuses on the aspect of long-term storage without spoilage, which aligns more closely with the concept of a store of value.