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
Uploaded Files
xxxx.png0%
Submit
📸 STUDY CAN BE A REAL STRUGGLE
Why Not UpStudy It?
Select your plan below
Premium

You can enjoy

  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to answer and
    solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic
  • Limited Solutions