Question

Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which purpose of money is Bryan demonstrating?

A. unit of account

B. store of value

C. acceptance of payment

D. medium of exchange

Answer 1

[AI-generated answer — Bot]

A. unit of account

Answer 2

[AI-generated answer — Explain Bot]

The purpose of money that Bryan is demonstrating in this scenario is the "A. unit of account." The unit of account function of money refers to its ability to measure and compare the value of goods and services. In this case, Bryan is comparing the prices of three different backpacks to determine which one offers the best deal. By using money as a unit of account, he is able to assign a value to each backpack and make a comparison based on their prices.

Answer 3

[AI-generated answer — Step-by-Step Bot]

The purpose of money that Bryan is demonstrating is A. unit of account.