My son is saving his allowance and chore money to buy a new bicycle. Which function of money is he utilizing? O standard of deferred payment. O unit of account. O medium of exchange. O store of value.

My son is saving his allowance and chore money to buy a new bicycle. Which function of money is he utilizing? O standard of deferred payment. O unit of account. O medium of exchange. O store of value.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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My son is saving his allowance and chore money to buy a new bicycle. Which
function of money is he utilizing?
O standard of deferred payment.
unit of account.
O medium of exchange.
store of value.

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