Which of the following best illustrates the unit of account function of money?
A)You list prices for candy sold on your Web site, www.sweettooth.com, in dollars.
B)You pay for your NHL tickets with dollars.
C)You keep $10 in your backpack for emergencies.
D)You sell a used copy of your textbook for $40.

Question

Quizplus · Accepted Answer

Listing prices for candy sold on a website in dollars illustrates the unit of account function of money because dollars are being used as a common measure or standard for determining the value of the candy. This allows for easier comparison of prices and facilitates exchange. The other options do not illustrate this function as clearly.

Which of the Following Best Illustrates the Unit of Account