Question

using a credit card to pay for gas at the pump
checking the price of an item online
exchanging currency at a bank before going on an international trip
storing money in a piggy bank for future spending
saving money in a bank account for future use
comparing the prices of two different cars
investing in a retirement fund to use the money in the future
looking at the price tags on clothes in a store to decide which to buy
comparing the costs of different college tuition

medium of exchange
store of value
unit of measure
drop here
drop here
drop here
save answers
submit for grading

Explanation:

To solve this, we match each activity to the function of money (Medium of Exchange, Unit of Measure, Store of Value) based on their definitions:

Medium of Exchange (Money as a trade tool):

• Using a credit card to pay for gas (trade gas for money via card)
• Exchanging currency at a bank (trade one currency for another)
• Looking at price tags to decide which to buy (using money to compare/trade for goods)

Unit of Measure (Money as a value comparator):

• Checking the price of an item online (price is a monetary measure of value)
• Comparing the prices of two different cars (using money to compare values)
• Comparing the costs of different college tuition (tuition cost is a monetary measure)

Store of Value (Money as a future value preserver):

• Storing money in a piggy bank for future spending (saving money to use later)
• Saving money in a bank account for future use (preserving value for later)
• Investing in a retirement fund (preserving/ growing value for future)

Final Matches:

• Medium of Exchange: Using a credit card to pay for gas, Exchanging currency at a bank, Looking at price tags to decide which to buy
• Unit of Measure: Checking the price of an item online, Comparing the prices of two different cars, Comparing the costs of different college tuition
• Store of Value: Storing money in a piggy bank for future spending, Saving money in a bank account for future use, Investing in a retirement fund

(Note: If this was a drag - and - drop, these are the correct groupings based on money’s functions.)

Answer:

To solve this, we match each activity to the function of money (Medium of Exchange, Unit of Measure, Store of Value) based on their definitions:

Medium of Exchange (Money as a trade tool):

• Using a credit card to pay for gas (trade gas for money via card)
• Exchanging currency at a bank (trade one currency for another)
• Looking at price tags to decide which to buy (using money to compare/trade for goods)

Unit of Measure (Money as a value comparator):

• Checking the price of an item online (price is a monetary measure of value)
• Comparing the prices of two different cars (using money to compare values)
• Comparing the costs of different college tuition (tuition cost is a monetary measure)

Store of Value (Money as a future value preserver):

• Storing money in a piggy bank for future spending (saving money to use later)
• Saving money in a bank account for future use (preserving value for later)
• Investing in a retirement fund (preserving/ growing value for future)

Final Matches:

• Medium of Exchange: Using a credit card to pay for gas, Exchanging currency at a bank, Looking at price tags to decide which to buy
• Unit of Measure: Checking the price of an item online, Comparing the prices of two different cars, Comparing the costs of different college tuition
• Store of Value: Storing money in a piggy bank for future spending, Saving money in a bank account for future use, Investing in a retirement fund

(Note: If this was a drag - and - drop, these are the correct groupings based on money’s functions.)