Matthew purchases a candy bar with his allowance. This purchase represents using money as
A) an unit of account.
B) a store of value.
C) a medium of exchange.
D) none of the above

Question

Quizplus · Accepted Answer

The purchase of a candy bar involves using money as a medium of exchange, as Matthew is trading his money for a good. Money as a unit of account refers to its ability to measure the value of goods and services, and money as a store of value refers to its ability to hold value over time.

Matthew Purchases a Candy Bar with His Allowance