Buying a cup of coffee with a dollar bill represents the use of money as a:

Question

Quizplus · Accepted Answer

Using a dollar bill to buy a cup of coffee is an example of money being used as a medium of exchange, as the dollar bill is being exchanged for a good or service. It is not being used as a unit of account, as there is no measurement of value being made in this scenario. It is also not being used as a store of value, as a single dollar bill does not retain its purchasing power over time. It is not being used as a commodity, as the dollar bill itself is not a physical good that can be consumed or used for its own intrinsic value.

Buying a Cup of Coffee with a Dollar Bill Represents