Answered: A P25,000 price tag on a new cellphone…

A P25,000 price tag on a new cellphone is an example of money as * a. a unit of account. b. a store of value. c. a time deposit. d. medium of exchange.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section: Chapter Questions

Problem 4QP

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Question

A P25,000 price tag on a new cellphone is an example of money as *
a. a unit of account.
b. a store of value.
c. a time deposit.
d. medium of exchange.

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Money refers to anything that gets widely accepted to carry out transactions.

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