If you are estimating your total expenses for school next semester, you are using money as:
A)a medium of exchange.
B)a store of value.
C)a unit of account.
D)all of the above.

Question

Quizplus · Accepted Answer

The use of money as a unit of account involves measuring the value of goods and services in a standardized way, such as in dollars and cents, which is what is being done when estimating expenses for school. While money can also serve as a medium of exchange and a store of value, these functions are not necessarily relevant in this particular situation.

If You Are Estimating Your Total Expenses for School Next