harish2817 harish2817

24-07-2020
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A $70 price tag on a sweater in a department store window is an example of money functioning as a Multiple Choice unit of account. store of value. medium of exchange. standard of deferred payments.

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topeadeniran2 topeadeniran2

28-07-2020

Answer: unit of account

Explanation:

From the question, we are informed that a $70 price tag is put on a sweater in a department store window. This is an example of money functioning as a unit of account.

A unit of account is simply the monetary value of a particular good or service. Therefore, in this case, the cost of the sweater is $70 which is the unit of account.

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