Functions of Money

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

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.

Scarlett is planning for her future and wants to save money. Money acts as a ________, allowing her to save for the future.

• medium of exchange

• store of value

• unit of account

• measure of wealth

Kai is comparing prices of different smartphones. Which function of money provides a common measure for pricing goods and services?

• Medium of exchange

• Store of value

• Unit of account

• Measure of wealth

Charlotte wants to buy a book from a local store. What is one of the primary functions of money that allows her to trade easily and quickly?

• Store of Value

• Medium of Exchange

• Unit of Account

• Measure of Wealth

Ava received her first paycheck and decided to deposit it in her savings account. This decision highlights money's role as a ________, allowing her to keep her wealth in a secure and easily accessible form.

• Medium of Exchange

• Store of Value

• Unit of Account

• Measure of Wealth

Which function of money allows it to be used as a common measure for pricing goods and services?

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

Money's ability to be a ________ is crucial for its role in facilitating trade and transactions.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment

When saving for future expenses, money acts as a ________, preserving its value over time.

• Medium of exchange

• Store of value

• Unit of account

• Standard of deferred payment