When you see a mansion and think to yourself that it must be worth a million dollars,you are using money to perform which function?
A)Unit of account
B)Store of value
C)Method of avoiding barter
D)Medium of exchange
E)Means of payment

Question

Quizplus · Accepted Answer

When you see the mansion and estimate its value in terms of dollars, you are using money as a unit of account. This means that money is used to measure the value of goods and services, or in this case, property.

When You See a Mansion and Think to Yourself That