Economics: The Basics 1st Edition by Mike Mandel

Exercise 4

Money has three roles: a medium of exchange, a store of value, and a standard of value. Which role is money playing in each of the following?
a) You go to the store and buy groceries.
b) You put your money into a savings account.
c) You write a check to make a purchase.
d) You receive a paycheck from your employer.
e) You have money taken out of your paycheck for your retirement account.
f ) You choose between two televisions, one costing $200 and the other costing $300.