When you pay $12 for the pizza that you ordered for dinner, you are using money as a (an):

Question

Quizplus · Accepted Answer

When you pay for the pizza, you are using money as a medium of exchange - exchanging the money for the pizza. Money serves as a medium to facilitate transactions between the buyer and the seller. A store of value refers to the ability of money to hold its purchasing power over time, an investment good refers to a good purchased to generate income or increase in value, and a unit of account refers to the standardized unit in which prices are quoted. While money can serve all of these functions, when paying for a pizza, the primary function being fulfilled is that of a medium of exchange.

When You Pay $12 for the Pizza That You Ordered