A $80 price tag on a sweater in a department store window is an example of money functioning as a

Question

Multiple Choice
unit of account.
standard of deferred payments.
store of value.
medium of exchange.

Answer 1

The $80 price tag on a sweater in a department store window is an example of money functioning as a unit of account.

This is because a unit of account provides a standard numerical way to measure and compare the value of goods and services, which is represented by the price tag.