Which of the following is an example of money functioning as a unit of account?
A) Your writing a check at Target to pay for new clothes.
B) Pepsi charging $1 for a can of soda.
C) eBay using PayPal as a method of payment.
D) Bank of America charging 7 percent on an auto loan.

Question

Quizplus · Accepted Answer

Pepsi charging $1 for a can of soda is an example of money functioning as a unit of account because it is being used as a standard measure for the value of goods and services. In this case, the dollar is being used to measure the value of the can of soda.

Which of the Following Is an Example of Money Functioning