Letitia is doing some comparison shopping by looking at the prices of goods at several stores. When she does this, she is using money as a:
A) unit of account.
B) store of value.
C) medium of exchange.
D) standard of deferred payment.

Question

Quizplus · Accepted Answer

When Letitia compares prices of goods at several stores, she is using money as a unit of account, which means money is serving as a measure by which prices are expressed and compared.

Letitia Is Doing Some Comparison Shopping by Looking at the Prices