Business, 20.09.2020 17:01, Meirna

For each of the following scenarios, determine whether money is being used as a medium of account, store of value, or unit of account. a. Sam gives the grocery store clerk a $5 bill to pay for his purchase. Medium of exchange Unit of account Store of value
b. Bill looks at the $20 price tag on a clock to see how much money he would need to purchase it. Store of value Unit of account Medium of exchange
c. Maria writes a check to pay her electric bill. Medium of exchange Unit of account Store of value
d. Susan transfers some of her wealth from her checking account into a certificate of deposit that earns interest.

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For each of the following scenarios, determine whether money is being used as a medium of account, s...