Ryan saved $50,000 last year so that he could buy a car this year.In this case,money served the function of a ________.
A) medium of exchange
B) store of value
C) unit of account
D) measure of inflation

Question

Quizplus · Accepted Answer

Money served the function of a store of value, as Ryan saved the money to buy a car in the future. A medium of exchange is something that is widely accepted as payment for goods and services, while a unit of account is a common measure of the value of goods and services. A measure of inflation is a tool used to track changes in the overall price level of goods and services over time.

Ryan Saved $50,000 Last Year So That He Could Buy