When a grocery store accepts your $5 bill in exchange for bread and milk, the $5 bill serves as a

Question

Quizplus · Accepted Answer

The $5 bill is being exchanged for goods, making it a medium of exchange. It is not a unit of account, as it is not being used to measure the value of other goods. It is not a store of value, as its value may fluctuate over time due to inflation or other factors. It is not a standard of deferred payment, as there is no agreement to pay for the goods at a later time. It is not a unit of barter, as there is no exchange of goods without the use of money.

When a Grocery Store Accepts Your $5 Bill in Exchange