Nicholas is saving money collected from his paper route in order to purchase a new bicycle. His saving represents using money as
A) an unit of account.
B) a store of value.
C) a medium of exchange.
D) none of the above

Question

Quizplus · Accepted Answer

Nicholas is using money as a store of value by saving them to purchase a new bicycle in the future. Option A and C are not applicable in this scenario.

Nicholas Is Saving Money Collected from His Paper Route in Order