Ask Question
6 September, 16:55

Each day you have $5 for lunch. Today, you decided to save $2

and buy the chicken salad tomorrow for $6.50. How is money

being used in this case?

As a medium of exchange

O As an indicator of debt

As a unit of accounting

O As a store of value

+3
Answers (1)
  1. 6 September, 16:59
    0
    Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

    to save and store the purchasing power

    Explanation:

    The term money can be defined as a thing that serves as

    A medium of exchange which is usually financial in nature. It is used by the borrower to repay back to the lender-used to repay the debt. It is used as an unit of accounting to measure your income and expenditure. It is used to store the value of money - in other words used to save the purchasing power of an individual

    Thus we can say that,

    Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50-In this case the money is being used

    to save and store the purchasing power
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Each day you have $5 for lunch. Today, you decided to save $2 and buy the chicken salad tomorrow for $6.50. How is money being used in this ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers