Answered

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Match each example with the function of money that it illustrates.

A. You pay your college tuition bill. [Choose]
B. You comparison shop for a new iPad. [Choose]
C. Your parents save for their retirement. [Choose]

Sagot :

GinnyAnswer

Final answer:

Money functions as a medium of exchange, unit of account, and store of value in various financial transactions.


Explanation:

Medium of exchange: You pay your college tuition bill. Money is used to pay for services like education.

Unit of account: You comparison shop for a new iPad. Money helps in comparing the value of different goods and services.

Store of value: Your parents save for their retirement. Money allows for saving and storing value for future use.


Learn more about Functions of money here:

https://brainly.com/question/14253896


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