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) Medium of exchange.
B) Unit of account.
C) Store of value.
D) Means of payment.
E) Method of avoiding barter.

Question

Quizplus · Accepted Answer

When you use money to estimate the value of a mansion, you are using it as a unit of account. The unit of account function of money means that it serves as a common measurement of value for goods and services in an economy.

When You See a Mansion and Think to Yourself That