Question

the three functions of money are medium of exchange, unit of account, and store of value. which of the following exemplifies the unit of account function? group of answer choices oliver pays with his debit card when he buys flowers for felicity the price of a dozen roses is set at $50 thea used her inheritance to buy stocks and bonds lauren volunteers her time at the dog shelter

Answer 1

The example of the price of a dozen roses set at $50 exemplifies the unit of account function of money.

Step-by-step explanation:

The function of money as a unit of account is exemplified by the choice where the price of a dozen roses is set at $50. This represents how money is used to provide a specific value to goods or services, making transactions easier to carry out by valuing these goods using a single, common currency.

The unit of account function allows for items to be compared and priced, thus facilitating the process of trade by providing a common measure of their worth.