Which of the following is an example of money functioning as a medium of exchange?
A) Walmart accepting your $20 when you buy a Blu-ray.
B) Apple pricing an iPhone at $799.
C) Bank of America paying you 1 percent on your saving account.
D) You saving your spare change in a jar before depositing them in your savings account.

Question

Quizplus · Accepted Answer

A medium of exchange is something widely accepted in exchange for goods and services. In this case, Walmart accepting $20 for a Blu-ray is an example of money being used as a medium of exchange.

Which of the Following Is an Example of Money Functioning