Target has 12-packs of Pepsi on sale and changes the price tag on the shelf from $6.00 to $2.99. This is an example of money serving as a(n)
A) medium of exchange.
B) store of value.
C) unit of account.
D) investment good.

Question

Quizplus · Accepted Answer

The act of changing the price tag on the shelf from $6.00 to $2.99 is an example of money serving as a unit of account. In this scenario, money is being used as a standard measure of the value of the product.

Target Has 12-Packs of Pepsi on Sale and Changes the Price