The statement 'a Dell laptop costs $1600' illustrates which function of money?
A) Medium of exchange
B) Unit of account
C) Store of value
D) Standard of deferred payment

Question

Quizplus · Accepted Answer

The statement 'a Dell laptop costs $1600' is an example of money being used as a unit of account, as it provides a standardized way to measure and compare the value of goods and services.

The Statement 'A Dell Laptop Costs $1600' Illustrates Which Function