Which of the following is an example of money functioning as a medium of exchange?
A) Walmart accepting your $20 when buy a CD.
B) You saving your spare change in a jar before depositing them in your savings account.
C) Apple pricing an iPhone at $299.
D) Bank of America paying you 3 percent on your saving account.

Question

Quizplus · Accepted Answer

Money functioning as a medium of exchange refers to its use in transactions for goods and services. Option A demonstrates this by showing Walmart accepting money in exchange for a CD. Option B refers to saving, not exchange. Option C refers to pricing, not exchange. Option D refers to interest earned, not exchange.

Which of the Following Is an Example of Money Functioning