The price tag on a pair of Nike shoes illustrates how money performs the function of a

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The price tag on a pair of Nike shoes indicates the value of the shoes in terms of money, which is an example of money performing the function of a unit of accounting. A medium of exchange is what humans use to facilitate transactions, while a store of value is the ability of money to retain its purchasing power over time. Standard of deferred payment is when money is used to settle a debt at a later date. Although money serves all four functions, in this particular scenario, the price tag demonstrates money as a unit of accounting.

The Price Tag on a Pair of Nike Shoes Illustrates