Suppose that you find out from an L.L. Bean catalogue that a sweater costs $30.00. In this case, money is serving as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) double coincidence of wants.

Question

Quizplus · Accepted Answer

Money is serving as a unit of account because it provides a standard measure of value for the sweater, allowing you to understand its cost in monetary terms.

Suppose That You Find Out from an L