Question

Marcel recently used $75,000.00 from funds he had invested in savings bonds as a down payment to buy a condo. What function did this portion of his investments serve when he made the down payment?

Answer 1

Answer:

Unit of Exchange

Explanation:

The unit of exchange is a financial term that describes the process of money from an individual or party, with another party. The process can be carried out either by accounting, through a wire transfer or use of a credit or debit card at a point of sale terminal.

Hence, in this case, when Marcel, used $75,000 from the funds he had invested in saving bonds for down payment of a condo, this serves as a UNIT OF EXCHANGE.

Answer 2

Hello. This question is incomplete. The full question is:

"Marcel recently used $75,000.00 from funds he had invested in savings bonds as a down payment to buy a condo. What function did this portion of his investments serve when he made the down payment?

A. medium of exchange  B. Unit of exchange  C. Unit of account  D. Store of value"

Answer:

B. Unit of exchange

Explanation:

This part of Marcel's investments exercised the function of unit of exchange when he made the advance to buy a condominium, because he used this money to exchange for a good, the codominio. We can say, then, that Marcel's savings bonds have reached one of the primary roles of money, which is the ability to broker the procurement of goods and services.