Usually money is used as a
A) store of wealth.
B) means of payment.
C) medium of exchange.
D) measure of value.
E) All are acceptable uses of money.

Question

Quizplus · Accepted Answer

Money serves as a store of wealth because it can be held and used for future purchases. It is a means of payment because it is used to pay for goods and services. It is a medium of exchange because it is widely accepted as a form of payment. It is also a measure of value because prices of goods and services are measured in terms of money. Therefore, all the options are acceptable uses of money.

Usually Money Is Used as a