If Jack Sparrow uses a chest of pieces of eight to buy a ship, then the gold is functioning as a:
A) unit of account.
B) store of value.
C) medium of exchange.
D) barter.

Name: If Jack Sparrow uses a chest of pieces of eight to buy a ship, then the gold is functioning as a: A) unit of account. B) store of value. C) medium of exchange. D) barter.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

The gold is functioning as a medium of exchange because Jack Sparrow is using it to purchase a ship, facilitating the transaction.

If Jack Sparrow Uses a Chest of Pieces of Eight