Question

Julio is given $10 in allowance money. He heads down to the store and finds two games that he can buy. In comparing the prices of these goods, Julio is using money as a _____.

medium of exchange

store of value

unit of account

Answer 1

the answer is unit of account 

Answer 2

Julio is using money as a unit of account. The function of money as a unit of account allows us to quickly compare the value of different things by stating the value in a common unit, in this case U.S. Dollars.