Suppose prices are quoted in dollars and transactions are conducted in pesos. The dollar serves as a
A) medium of exchange.
B) store of value.
C) unit of account.
D) all of the above.

Question

Quizplus · Accepted Answer

When prices are quoted in dollars, the dollar is being used as a unit of account, which means it is the standard numerical unit of measurement of the market value of goods, services, and other transactions.

Suppose Prices Are Quoted in Dollars and Transactions Are Conducted