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?
Bryan is demonstrating the purpose of money as a unit of account, as he is using money to compare the relative prices of different backpacks.
Bryan is demonstrating the purpose of money as a unit of account, as he is using money to compare the relative prices of different backpacks.
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