Suppose that I find out from an L.L.Bean catalogue that a sweater costs $30.00.In this case,money is serving as a

Question

Quizplus · Accepted Answer

In this scenario, money is being used as a unit of account to measure the value of the sweater. It is not serving as a medium of exchange (since no purchase is being made), a store of value (since no money is being saved or invested), or a double coincidence of want (since there are no barter transactions involved).

Suppose That I Find Out from an L