A $200 price tag on a cashmere sweater in a department store window is an example of money functioning as a:
A)unit of account.
B)standard of deferred payments.
C)store of value.
D)medium of exchange.

Question

Quizplus · Accepted Answer

A unit of account is one of the functions of money where it serves as a common measure of value for goods and services. In this case, the $200 price tag on the cashmere sweater indicates its value in terms of money.

A $200 Price Tag on a Cashmere Sweater in a Department