Chau receives a paycheck and immediately uses it for a shopping trip to purchase food for the next week. Chau's actions emphasize her use of what function of money?
A) store of value
B) unit of account
C) commodity value
D) medium of exchange

Question

Quizplus · Accepted Answer

Chau's use of her paycheck to purchase food directly illustrates money's role as a medium of exchange. This function allows money to be used to facilitate transactions, such as buying goods or services.

Chau Receives a Paycheck and Immediately Uses It for a Shopping