When money is used to compare the relative price of a burrito and a taco,money is being used as a
A)medium of exchange.
B)store of value.
C)measurement of inflation.
D)unit of account.
E)token of bartering.

Question

Quizplus · Accepted Answer

When money is used to compare prices of different goods or services, it is being used as a unit of account. In this case, the prices of the burrito and taco are being compared, which involves using money as a common tool for measuring the value of both items.

When Money Is Used to Compare the Relative Price of a Burrito