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23 September, 08:02

A $70 price tag on a sweater in a department store window is an example of money functioning as a:

A. unit of account.

B. standard of deferred payments.

C. store of value.

D. medium of exchange.

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Answers (1)
  1. 23 September, 11:26
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    A. unit of account.

    Explanation:

    Unit of account refers to something that can be used to value goods and services. Money plays a good role in this case as it informs the potential buyer of the worth of the sweater by the amount on the tag.
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