Identify which of the three functions of money is most relevant in the following situations.

a. A borrower uses an electronic transfer to pay off a debt to a friend. The most relevant function of money in this situation is as a(Click to select)

means of exchange

unit of account

store of purchasing power

.

b. A bondholder cashes a Canada Savings Bond and keeps the proceeds for a time in currency.The most relevant function of money in this situation is as a(Click to select)

means of exchange

unit of account

store of purchasing power

.

c. A reader compares prices of electronic and hard copy versions of a new book.The most relevant function of money in this situation is as a(Click to select)

unit of account

means of exchange

store of purchasing power

.

d. A cafe customer uses currency to pay for a cup of coffee.The most relevant function of money in this situation is as a(Click to select)

means of exchange

store of purchasing power

unit of account

.

e. A retailer temporarily keeps monthly sales revenue in a business bank account.The most relevant function of money in this situation is as a(Click to select)

unit of account

store of purchasing power

means of exchange

.

f. A business owner compares prices of different brands of computers for her firm's office.The most relevant function of money in this situation is as a(Click to select)

means of exchange

unit of account

store of purchasing power

.