Question

Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which purpose of money is Bryan demonstrating?

(1 point)
Responses

unit of account

unit of account

store of value

store of value

acceptance of payment

acceptance of payment

medium of exchange

Answer 1

Bryan is demonstrating the "unit of account" purpose of money. He is comparing the prices of different backpacks to determine their value and find the best deal.