A $70 Price Tag on a Sweater in a Department

question 180

Multiple Choice

A $70 price tag on a sweater in a department store window is an example of money functioning as a

• A) unit of account.
• B) standard of deferred payments.
• C) store of value.
• D) medium of exchange.

---

Definitions:

Consumer Credit

Credit extended by retailers to the ultimate customers for the purchase of products or services.

Business Credit

A measure of a company's ability to obtain goods, services, or funds based on the promise to pay in the future.

Trade Credit

The purchase of goods from suppliers that do not demand payment immediately.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through argument, reasoning, or appeal.