When money is used to acquire goods and services,it is functioning as a

Question

Quizplus · Accepted Answer

Money functions as a medium of exchange when it is used to purchase goods and services. This means that money is being traded for a tangible item, making it a medium of exchange between the buyer and seller. While money can also serve as a store of value and a standard of account, these functions are not specific to the act of acquiring goods and services.

When Money Is Used to Acquire Goods and Services,it Is