The statement "This Dell laptop costs $1,200" illustrates which function of money?

Question

Quizplus · Accepted Answer

The statement refers to the price of the laptop in terms of dollars, which shows that money is being used as a unit of account. It is not being used as a medium of exchange (the transaction is hypothetical and no actual exchange is taking place), a store of value (the laptop is not money and will not hold its value as well as money in the long term), or a standard of deferred payment (there is no indication of any payment being deferred).

The Statement "This Dell Laptop Costs $1,200" Illustrates Which Function