You spend $20 to buy a used textbook at the college bookstore. What function does money perform here?
A) medium of exchange
B) store of value
C) unit of account
D) standard of deferred payment

Question

Quizplus · Accepted Answer

Money performs the function of a medium of exchange in this scenario, as it is being used to purchase a textbook. The other functions of money (store of value, unit of account, and standard of deferred payment) are not relevant in this particular transaction.

You Spend $20 to Buy a Used Textbook at the College