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
Bryan is demonstrating the function of money as a unit of account. By comparing the prices of different backpacks, he is using money as a tool to measure and compare their value.
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Bryan is demonstrating the function of money known as a unit of account. A unit of account refers to the ability of money to serve as a common measure or standard for the value of goods and services. In this case, Bryan is using money to compare the prices of the three different backpacks at the local store. By assigning a price to each backpack, he is utilizing money as a unit of account to determine which backpack offers the best deal.
