Question

When gasoline gallons are priced in terms of number of seashells, seashells serve as: Group of answer choices

Answer 1

Unit of account

Step-by-step explanation:

Money serves three functions :

1. Unit of account : money serves the function of determining the value of a good or service. It is usually assumed that goods that are more highly priced are more valuable that goods that have lower prices

2. Medium of exchange : goods and services can be exchanged for money. For example, if I want to buy a gallon of gasoline and pay 4 seashells, money has served as a medium of exchange.

3. store of value: money can be saved, retrieved and exchanged sometimes in the future