If you use $1,000 to purchase silver bullion, which you plan to keep in a safe, you are using money as:
A)bank reserves.
B)a medium of exchange.
C)a unit of account.
D)a store of value.

Question

Quizplus · Accepted Answer

In this case you use money to purchase a non-money asset, so the money is used as a medium of exchange. Note that the silver bullion is not a commonly accepted form of money.

If You Use $1,000 to Purchase Silver Bullion, Which You