The statement that Computech's profits totalled $500 million last year represents the use of money as a:
A) medium of exchange.
B) store of value.
C) unit of account.
D) means of coincidence.

Question

Quizplus · Accepted Answer

The statement represents the use of money as a unit of account, as it quantifies and reports the profits of Computech in monetary terms. A unit of account is the monetary unit used to measure the value/cost of goods, services, assets, and liabilities.

The Statement That Computech's Profits Totalled $500 Million Last Year