Heather told her friends she just bought $1000 worth of new clothes. Heather's statement illustrates the "unit of account" function of money.

Question

Quizplus · Accepted Answer

The "unit of account" function of money refers to the ability of money to be used as a standard measure of value for goods and services. Heather's statement about the value of her new clothes demonstrates this function, as she is using money as a unit of account to describe the worth of her purchases.

Heather Told Her Friends She Just Bought $1000 Worth of New