Scott saw Laura's paycheque and discovered that she makes $200 a month more than he does. He concludes that her job must be more important than his. This illustrates the ________ function of money.

Question

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The function of money that is illustrated in this scenario is the unit of account. Scott uses money as a way to measure and compare the value of his own paycheque to Laura's. He assumes that because her paycheque is higher, her job must be more important, which shows how money serves as a unit of account for measuring the value of different goods and services.

Scott Saw Laura's Paycheque and Discovered That She Makes $200