202.1 Lesson - whatIsGoodSOV

Screen: whatIsGoodSOV

Headline: Some stores of value are better than others

Reward: 2

Text: When stores of value compete with each other, the attributes that make a good store of value allow it to outperform its competitors and increase demand over time.

Many goods have been used as stores of value but certain attributes are particularly desirable and allow these goods to be more successful.

An ideal store of value should be durable, portable, interchangeable, verifiable, divisible, scarce, have a long history, and resistant to censorship.

=================================================================

QUIZ

Question: What are some attributes that make a good store of value?

Answer: Durability, portability, interchangeability, verifiability, divisibility, scarcity, long history, and resistance to censorship

Feedback: Yes! A good store of value should have attributes such as durability, portability, interchangeability, verifiability, divisibility, scarcity, a long history, and resistance to censorship. These characteristics make it easier to use as a medium of exchange and store of value, and increase its demand over time

Correct: true

Answer: Tastiness, cuteness, softness, and Instagram-ability

Feedback: Sorry, that is not the correct answer. While tastiness, cuteness, softness, and Instagram-ability may be desirable qualities in other contexts, they are not typically considered important attributes for a store of value

Correct: false

Answer: Rarity, beauty, and sentimental value

Feedback: I'm afraid that is not the correct answer. While rarity, beauty, and sentimental value may make an item valuable to a particular individual, they are not typically considered important attributes for a store of value that is widely accepted and used as a medium of exchange.

Correct: false