Money used to buy groceries is a:

Question

Quizplus · Accepted Answer

Money used to buy groceries is serving as a medium of exchange, which is one of the three main functions of money. Money acts as a medium of exchange when it is used to buy goods and services in the economy. In this case, the grocery store is accepting money as payment for the groceries, allowing for the exchange of goods and money to occur. A reserve of wealth refers to the value of assets held for future use, a unit of account is a way of measuring the value of goods and services, and a store of value refers to money's ability to hold its value over time.

Money Used to Buy Groceries Is A