You receive money as payment for babysitting your neighbors' children. This best illustrates which function of...

You receive money as payment for babysitting your neighbors' children. This best illustrates which function of money? A. unit of account B. medium of exchange C. store of value D. liquidity

Solutions

Expert Solution

Answrer is option B).

Since payment has been made , since the babysitting service has been performed, thus money is used as a medium of exchange, money is used to buy the babysitting service

Thus by exchanging money, a certain service is bought

Rahul Sunny answered 1 year ago

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