Question

When we speak of expressing the prices of goods in an

    economy, we are speaking of money’s function as:

1. a medium of exchange
2. a unit of account
3. a store of value
4. a standard of deferred payment

(I choose A, but I was wrong)

Answer 1

It is not medium of exchange because here you are not exchanging anything but when you speak of prices it is not a store of value because you are not storing your assets aur not talking about how much time you can store it and it is not a standard of deferred payment as well nothing about debt is spoken

Therefore (a,c,d) are wrong

when you talk about the price of goods and services it is unit of account because you are actually understanding the worth in terms of money, the account used here is a particular currency and the price of the good is represented as a unit of account in that particular currency and that's why

(b) is the answer to this question