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In Mathematics / High School | 2014-11-03

Julio is given $10 in allowance money. He heads down to the store and finds two games that he can buy. In comparing the prices of these goods, Julio is using money as a _____.

A. medium of exchange
B. store of value
C. unit of account

Asked by Essybabe

Answer (3)

the answer is unit of account

Answered by amayanelson | 2024-06-11

Julio is using money as a unit of account. The function of money as a unit of account allows us to quickly compare the value of different things by stating the value in a common unit, in this case U.S. Dollars.

Answered by Kalahira | 2024-06-24

Julio is using money as a unit of account to compare the prices of the games he wants to buy. This function of money enables him to express prices in a common format, allowing for easy comparison. Therefore, the correct answer is C. unit of account.
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Answered by Kalahira | 2024-09-04

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