Ask Question
27 August, 04:41

A price tag of $4 for a portable power bank is an example of money as A) a medium of exchange. B) a unit of accounting. C) a store of value. D) a time deposit.

+3
Answers (1)
  1. 27 August, 07:17
    0
    B) a unit of accounting.

    Explanation:

    The four main functions of money are:

    it serves as a unit of account: it provides a common measure of the value of goods and services being exchanged. it serves as a store of value: money holds its value over time, so it serves as a store of value. it serves as a medium of exchange: you can use money to purchase goods and services it serves as a standard of deferred payment: money serves as a way of valuing a debt, so you can acquire goods now and pay for them later.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A price tag of $4 for a portable power bank is an example of money as A) a medium of exchange. B) a unit of accounting. C) a store of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers