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

GPT-4o mini
In this scenario, Bryan is comparing the prices of different backpacks to determine which one offers the best deal. This demonstrates the **unit of account** purpose of money, as it allows him to measure and compare the value of the backpacks based on their prices.