When you are using money to purchase a new car, money is serving as a:

Name: When you are using money to purchase a new car, money is serving as a:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Money is being used as a medium of exchange, as it is being used to trade for a good or service, in this case a new car. Money is not serving as a store of value, as it is being immediately exchanged for a car, and it is not serving as a unit of account or a double coincidence of wants in this transaction.

When You Are Using Money to Purchase a New Car