Functions of Money
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by Stephanie Foy
| 5 Questions
1
1
Sawyer puts money in a savings account each month. He hopes to be able to use it in the future. In this case, money serves as
a unit of account / standard of value
a store of value.
a medium of exchange
2
1
Sinclair takes her money to Target and buys an LOL Doll. In this case, money serves as a
a store of value
medium of exchange
unit of account / standard of value
3
1
Reid has $20. He wants a Lego set. He sees that the Lego set is $36 and knows he does not have enough money. In this case, money serves as a
store of value
medium of exchange
unit of account / standard of value
4
1
Abby paid $40 for an iTunes card. Abby used money as
a medium of exchange
a unit of account / standard of value
a store of value
5
1
Emily went to the store. She found two shirts of equal quality that she liked. One shirt cost $40. The other cost $20. How is Emily using money?
a medium of exchange
a unit of account / standard of value
a store of value
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