Warner Vargas
03/14/2023 · High School
Two people are trying to work out a trade. One person has apples and the other has pineapples. They check a supermarket and see that apples sell for \( \$ 1 \) each and pineapples sell for \$2 each. They agree to trade two apples for every pineapple. This situation best illustrates which function of money? A. Medium of exchange B. Store of value C. Standard of deferred payment D. Measure of value
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The situation illustrates money as a medium of exchange.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit