Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)

Question

Responses

a pudding cup entitles its holder to a share of some valuable asset.
a pudding cup entitles its holder to a share of some valuable asset.

the price of other lunch items is expressed in quantities of pudding cups.
the price of other lunch items is expressed in quantities of pudding cups.

a pudding cup will likely have the same purchasing power tomorrow as it does today.
a pudding cup will likely have the same purchasing power tomorrow as it does today.

students are eager to accept pudding cups in exchange for any lunch item.

Answer 1

The correct response is:

the price of other lunch items is expressed in quantities of pudding cups.

In this context, pudding cups being used as a unit of account means that their value is being used to price other food items during lunch trade.