A $5,000 price tag on a new car is an example of money as
A)a medium of exchange.
B)a unit of account.
C)a store of value.
D)a time deposit.

Question

Quizplus · Accepted Answer

A $5,000 price tag on a new car is an example of money being used as a unit of account, as it represents a specific value in a standardized monetary unit. Money as a medium of exchange refers to its use as a means of trading goods and services. Money as a store of value refers to its ability to maintain purchasing power over time. A time deposit is a type of savings account with a fixed term and interest rate.

A $5,000 Price Tag on a New Car Is an Example