Which of the following best illustrates the unit of account function of money?
A) You list prices for candy sold on your Web site, HYPERLINK "http://www.sweettooth.com/" www.sweettooth.com, in dollars.
B) You pay for your theater tickets with dollars.
C) You hold currency even though you don't intend to spend it right away.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

The unit of account function of money refers to money serving as a common measurement unit for pricing goods and services. Listing prices on a website in dollars illustrates this function. Choice B illustrates the medium of exchange function, choice C illustrates the store of value function, and choice D is incorrect as at least one of the options is correct.

Which of the Following Best Illustrates the Unit of Account