The price of a new Nokia cell phone is $90.What is the function of money in this context?
A)a medium of exchange
B)a means of payment
C)a unit of account
D)a measure of quality

Name: The price of a new Nokia cell phone is $90.What is the function of money in this context? A)a medium of exchange B)a means of payment C)a unit of account D)a measure of quality
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Question

Quizplus · Accepted Answer

In this context, money is being used as a unit of account to assign a value to the cell phone, indicating its price.

The Price of a New Nokia Cell Phone Is $90