When a person makes price comparisons among products, money is being used as a(n)
A) unit of account.
B) standard of quality.
C) medium of exchange.
D) checkable deposit.

Question

Quizplus · Accepted Answer

Money being used to compare prices among products is an example of it serving as a unit of account. A medium of exchange refers to the use of money to buy goods or services, while a checkable deposit is a type of bank account. A standard of quality is not directly related to money.

When a Person Makes Price Comparisons Among Products, Money Is