Functions of Money

Daniel wants to save his money in a way that it can be retrieved in the future without losing value. What function of money is he relying on?

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

William wants to buy a book from Aiden. Money is used as a ________ to facilitate this transaction between them.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment.

David wants to lend money to Noah for a project. Which function of money is essential for it to be used in lending and borrowing?

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment.

Rohan is comparing the prices of different gadgets. Money as a ________ helps him in measuring and comparing the value of these goods.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment.

Harper is learning about the functions of money in her economics class. Which of the following is NOT a function of money?

• Medium of exchange

• Store of value

• Unit of account

• Production of goods.

Liam is saving money in his bank account to buy a car in the future. The ability of money to be used in future transactions is known as its ________.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

David is comparing prices of different products in a store. Which function of money allows it to be used as a measure of economic value?

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

Henry borrowed money from Nora to buy a car. What is the function of money that allows it to be used in settling this debt?

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

Liam is learning about the economy and wonders why money as a ________ is crucial for its role in the economy.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment.

In a local market, Harper uses money's ability to be a ________ to buy groceries.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment.