Bryan needs a new backpack. He compares the prices of three different backpacks at a local store to find the best deal. Which function of money is Bryan demonstrating?
(1 point)
Responses
unit of account
unit of account
store of value
store of value
acceptance of payment
acceptance of payment
medium of exchange
The function of money that Bryan is demonstrating is:
unit of account
In his comparison of backpack prices, he is using money as a common measure to determine the relative cost of each backpack, thus acting as a unit of account.