You Saved $500 in Currency in Your Piggy Bank to Purchase

question 71

Multiple Choice

You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money's function as a _______. The laptop's price is posted as $500. The $500 price illustrates money's function as a _____. You use the $500 to purchase the laptop. This transaction illustrates money's function as a ______.

• A)store of value, medium of exchange, unit of account
• B)store of value, unit of account, medium of exchange
• C)medium of exchange, unit of account, store of value
• D)medium of exchange, store of value, unit of account

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Definitions:

Childhood

The period of a person's life from birth until adolescence, characterized by rapid physical, cognitive, and emotional development.

Old Age

A period in the human lifespan characterized by advanced age, typically involving retirement from work and noticeable changes in health and physical functioning.

Sensitivity To High-Frequency Sounds

The ability or capacity of the auditory system to detect sounds at higher pitches, which can vary among individuals.

Physical Changes

Alterations in the physical state or properties of a substance or organism, usually observable.