Jack buys something from the Internet using bitcoin. Which function of money does this illustrate?

Question

Quizplus · Accepted Answer

By using bitcoin to buy something from the internet, Jack is demonstrating the use of bitcoin as a medium of exchange, which is one of the primary functions of money. While bitcoin can also serve as a unit of account and measure of value, these functions are not directly demonstrated in this scenario. Store of value is not relevant in this situation as Jack is immediately using his bitcoin to make a purchase.

Jack Buys Something from the Internet Using Bitcoin