What function is money serving when you buy a ticket to a movie?
A)a store of value
B)a unit of account
C)a transaction demand
D)a medium of exchange

Question

Quizplus · Accepted Answer

When you buy a ticket to a movie, money is serving as a medium of exchange, as it is being used to exchange for goods or services (in this case, the movie ticket). Money is not serving as a store of value (as the value of the money used to buy the ticket does not necessarily stay constant over time), a unit of account (while the price of the movie ticket is listed in terms of a monetary amount, this does not necessarily mean that money is serving as a unit of account for other goods or services), or a transaction demand (this term refers to the demand for money for practical reasons, such as to pay bills, which is not necessarily the case when buying a movie ticket).

What Function Is Money Serving When You Buy a Ticket