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

Answer 1

Bryan is demonstrating the function of money as a unit of account. This function allows individuals to compare the prices of goods and services, making it easier to assess their value and determine which option offers the best deal. By comparing the prices of the three different backpacks, he is using money to quantify the value of each backpack in order to make an informed purchasing decision.