Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money". Bill has saved $1,000 and is starting t…

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asked Feb 11, 2020 213k views

Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money".

Bill has saved $1,000 and is starting to think about ways he may use his fun money. He knows that $1,000 could afford him a nice vacation to the mountains for a few days, or the new tires he wants for his truck. He has also considered spending the money on repainting his home. The possibilities seem endless!
Which function(s) of money is BEST represented by Bill's $1000 fun money?
A. unit of account
B. medium of exchange
C. unit of account and store of value
D. medium of exchange and store of value

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by Mattmanser

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Bill has been saving money from each of his paychecks in a separate account at his local credit union he calls his "fun money". Bill has saved $1,000 and is starting t…

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