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‘If money didn’t exist then I would have to hope that the person selling the item I
wanted to buy also wanted to buy an item I had for sale.’
Which function of money does the above statement relate to?
A Medium of exchange
B Means of deferred payment
C Store of value
D Unit of account

Sagot :

Answer: Medium of exchange

Explanation:

The above scenario in the question explains the function of "medium of exchange". Medium of exchange is when money can be used as a form of exchange when we buy goods.

Means of defered payment simply means ones ability to pay later. Store of value means money can be stored to create wealth and unit of account means means everything we purchase is in monetary terms.

Based on the explanation above, the answer is A.

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