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?

Answer 1

Bryan is demonstrating the purpose of money as a unit of account, as he is using money to compare the relative prices of different backpacks.

Answer 2

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?

A.
unit of account

B.
store of value

C.
acceptance of payment

D.
medium of exchange

Answer 3

Bryan is demonstrating the purpose of money as a unit of account, as he is using money to compare the relative prices of different backpacks.