Money serves as ________.
A)a unit of account
B)a store of value
C)a medium of exchange
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Money serves as a unit of account, allowing for standardized pricing and comparison of goods and services. It also serves as a store of value, allowing for the accumulation of wealth over time. Finally, it serves as a medium of exchange, facilitating transactions by providing a universally accepted means of payment.

Money Serves as ________