Asked by Brianna Weidaman on Apr 27, 2024
Verified
When you list prices for necklaces sold on your website, www.sparklingjewels.com, in dollars, this best illustrates money's function as
A) a store of value.
B) a medium of exchange.
C) a unit of account.
D) a method of barter.
Medium Of Exchange
A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.
Unit Of Account
A standard numerical monetary unit of measurement that provides a uniform measure of the value of goods and services.
- Understand thoroughly the basic operations of money and its paramount importance in economic dynamics.
Verified Answer
CL
Christopher LopezApr 30, 2024
Final Answer :
C
Explanation :
Listing prices for necklaces in dollars on a website illustrates money's function as a unit of account, which means money is used to measure and compare the value of goods and services.
Learning Objectives
- Understand thoroughly the basic operations of money and its paramount importance in economic dynamics.