Gerald wants to take out an insurance policy on his Pez dispenser collection, and reports to his insurance company that the collection is worth $25,000. This is an example of using money as a

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Using money as a unit of account involves assigning a numerical value to goods and services, such as Gerald valuing his Pez dispenser collection at $25,000. This differs from using money as a medium of exchange, standard of deferred payment, or store of value.

Gerald Wants to Take Out an Insurance Policy on His