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For each of the following situations, use 1 for use as a medium of exchange, 2 for use of store of value, or 3 for
For each of the following situations, use 1 for use as a medium of exchange, 2 for use of store of value, or 3 for use of unit of account.
1. _____ A student pays tuition at a local college.
2. _____ A woman compares the cost of tennis shoes at several stores.
3. _____ A student puts $20 in his wallet for emergency use.
4. _____ A child puts her birthday money in a savings account.
5. _____ A man pays $1 for a candy bar from a vending machine.
6. _____ Friends use a color-coded pricing map to decide which tickets to buy for a concert.
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