When people purchase downloaded music, they are using money primarily as a:

Question

Quizplus · Accepted Answer

When people purchase downloaded music, they are using money primarily as a medium of exchange. The money is being exchanged for the digital music files, which is a transaction. Money serves as a medium of exchange when it is used to buy goods and services. While it could also be argued that money is serving as a store of value in this situation, the primary use is as a medium of exchange.

When People Purchase Downloaded Music, They Are Using Money Primarily