Suppose that transactions are conducted in euros and prices are quoted in dollars. In this case the dollar functions primarily as a
A)store of value.
B)unit of account and store of value.
C)medium of exchange.
D)unit of account.
E)medium of exchange and store of value.

Question

Quizplus · Accepted Answer

The dollar is primarily functioning as a unit of account in this scenario because prices are quoted in dollars, meaning it is being used to measure and compare the value of goods and services.

Suppose That Transactions Are Conducted in Euros and Prices Are