17) 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

Question

____ [38]

3 years ago

15

17) 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.

Business

1 answer:

tino4ka555 [31] · Answer 1 · 2022-02-09T08:42:30+03:00

Answer:

A) a medium of exchange.

Explanation:

One fundamental feature of money is its use as a medium of exchange. Sellers of commodities are to exchange their commodities for a particular monetary sum.

This sum is the monetary value of the items as determined by the seller.

As a unit of accounting, money is used to compare the value of one item or commodity to another.

As such, the price tag of $4 for a portable power bank is an example of money as a medium of exchange.