Answered: When you pay $60 for the pizza you…

When you pay $60 for the pizza you ordered for dinner, you are using money as a (an): unit of account. medium of exchange. store of value. investment good.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter27: Money And Banking

Section: Chapter Questions

Problem 8RQ: How does the existence of money simplify the process of buying and selling?

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Question

When you pay $60 for the pizza you ordered for dinner, you are using money as a (an):

unit of account.
medium of exchange.
store of value.
investment good.

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