When you buy a taco for breakfast, you are using money as a
A)store of value.
B)standard of deferred payment.
C)medium of exchange.
D)unit of accounting.

Question

Quizplus · Accepted Answer

When you buy a taco, you are exchanging money as a medium of exchange to obtain the item you desire (in this case a taco). Money serves as a medium of exchange to make transactions easier by eliminating the need for the double coincidence of wants. Money also serves as a store of value, a standard of deferred payment, and a unit of accounting, but these roles are not being exhibited in this particular transaction.

When You Buy a Taco for Breakfast, You Are Using