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23 December, 05:12

17) A price tag of $4 for a portable power bank is an example of money as A) a medium of exchange. B) a unit of accounting. C) a store of value. D) a time deposit.

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  1. 23 December, 05:16
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    A) a medium of exchange.

    Explanation:

    One fundamental feature of money is its use as a medium of exchange. Sellers of commodities are to exchange their commodities for a particular monetary sum.

    This sum is the monetary value of the items as determined by the seller.

    As a unit of accounting, money is used to compare the value of one item or commodity to another.

    As such, the price tag of $4 for a portable power bank is an example of money as a medium of exchange.
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Home » Business » 17) A price tag of $4 for a portable power bank is an example of money as A) a medium of exchange. B) a unit of accounting. C) a store of value. D) a time deposit.
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