Respuesta :
Answer:
- Credit Card : Medium of Exchange , Standard of Deferred Payment
- Japanese Yen : Medium of Exchange
- US Dollar Bill : Standard of Deferred Payment
- House : Not Money ; Real Estate serving as Store of Valye
Explanation:
Money is something which is generally accepted as a medium of exchange, unit of value, store of value & standard of deferred payment.
- Medium of Exchange : For transferring purchasing power between buyers & sellers
- Unit of Value : As a common denomination in which all things value is measured
- Store of Value : For preserving wealth in economic, stable value.
- Standard of Deferred Payment : As a tool for delayed payments settlements
Plastic Credit Card serves as a Medium of Exchange, as it helps in transactions. It is also a form of standard of deferred payment, as the bank collects spent amount from credit card by the customer later
Japanese Yen acts as a Medium of Exchange, as it helps settle transactions.
US Dollar Bill implies that the settlement is to be done later. So, it is a standard of deferred payment.
House is not money. Its just a real estate asset, bought by money. It acts as a store of value, as preserve for wealth
Plastic Credit Card and Japanese Yen are medium of Exchange, U.S Dollar bill is a unit of account, and House is store of value.
Functions of Money
Money plays many role in the economy such as Medium of Exchange, Unit of Account, store of value and standard deferred payment. Medium of Exchange helps in transferring purchasing powers.
Unit of account is standard deferred payment tools such as US dollar bill, while Unit of store value is something which is like a fixed asset, that can give stable wealth.
Therefore, we can say that House is a store of value, while Japanese Yen and Plastic Credit Card are both medium of exchange and Unit of Account.
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