Question
A $80 price tag on a sweater in a department store window is an example of money functioning as a
Multiple Choice
unit of account.
standard of deferred payments.
store of value.
medium of exchange.
Multiple Choice
unit of account.
standard of deferred payments.
store of value.
medium of exchange.
Answers
GPT-4o mini
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.
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.