Bart is able to buy 50 water balloons with the $5 bill he received for his allowance. This is an example of money as

Question

Jorge Soto

SAT

8 January, 06:59

Bart is able to buy 50 water balloons with the $5 bill he received for his allowance. This is an example of money as

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Answers (2)

Know the Answer?

Bruce · Answer 1

A medium of exchange.

Paula Hines · Answer 2

Answer: medium of exchange.

Explanation:

Bart is able to change the $5 bill he has, for 50 water balloons. This means that the 5 dollar bill has a given value, and that is may be used to, in this case, obtain water balloons. This means that the 5 dollar bill is a "medium of exchange" which means "A widely accepted token that goods and services"

So this is an example of money as a medium of exchange.