When a consumer compared the price of a tablet with the price of a laptop, she discovered the laptop was more expensive. This is an example of using money as
A) a store of value.
B) a medium of exchange.
C) a unit of accounting.
D) a standard of deferred payment.

Question

Quizplus · Accepted Answer

The consumer is comparing prices of two different products using money as a unit of accounting, which is the function of money that measures and compares the value of goods and services. Money as a store of value refers to the ability of money to retain its value over time, money as a medium of exchange refers to using money to purchase goods and services, and money as a standard of deferred payment refers to the use of money to pay off debt. None of these apply in this situation.

When a Consumer Compared the Price of a Tablet with the Price