Mathematics

Mario

13 May, 03:41

Select the correct answer from each drop-down menu.

Choose the correct term to complete each sentence.

Functions of Money

Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He opened a college savings account. This is an example of a ___.

Next, he goes to the store to buy several items. He sees that beef costs $4.99 per pound, while eggs cost $2.50 per dozen. Both are good sources of protein; and the eggs will provide two meals while the beef will only provide one. Jeffrey is comparing each item's ___.

At the cashier, he trades $25.09 for the eggs, vegetables, bread, milk, and potato chips. The money in his wallet is used as a ___.

medium of exchange

unit of account

store of value

fiat money