Best Buy, a retailer of electronics, has 500 different products in inventory. Best Buy reports its inventory is worth $10 million. This is an example of using money as a:

Question

Quizplus · Accepted Answer

Money as a unit of account refers to using it as a standard measure of the value of goods and services. In this case, Best Buy is using money to measure the value of its inventory.

Best Buy, a Retailer of Electronics, Has 500 Different Products