When you use dollar bills to pay for a purchase at a store,money is serving which function?
A)A medium of exchange
B)A measure of value
C)A store of value
D)A barter facilitator
E)All of the above

Question

Quizplus · Accepted Answer

When you use dollar bills to pay for a purchase at a store, the money is serving as a medium of exchange, which means it is being used to facilitate the exchange of goods or services. This function of money is essential for facilitating trade and commerce in modern economies. The other functions of money include being a measure of value (it allows people to compare the relative worth of different goods and services), a store of value (it can be saved and used at a later time), and a barter facilitator (it can be used to buy goods and services rather than having to trade goods directly in a barter system).

When You Use Dollar Bills to Pay for a Purchase