When comparing the price of a tablet with the price of a laptop, Amanda discovered the tablet was more expensive. This is an example of using money as
A)a store of value.
B)a medium of exchange.
C)a unit of accounting.
D)a standard of deferred payment.

Question

Quizplus · Accepted Answer

When Amanda compared the price of the tablet with the price of the laptop, she was using money as a unit of accounting - a standard measure used to compare the value of goods and services. This is different from using money as a medium of exchange, where money is used to purchase goods and services, or as a store of value, where money is stored for future use. Money as a standard of deferred payment refers to the ability to use money to pay off debts or loans in the future.

When Comparing the Price of a Tablet with the Price