Suppose that I find out from an L.L. Bean catalogue that a sweater costs $30.00. In this case, money is serving as a
A) unit of account.
B) double coincidence of want.
C) medium of exchange.
D) store of value.

Question

Quizplus · Accepted Answer

Money is serving as a unit of account because it is being used to measure and compare the value of different goods and services, such as the cost of a sweater. The other options (B, C, and D) describe different functions of money, but they are not applicable in this scenario.

Suppose That I Find Out from an L