Jeffrey has had a busy day. today he went to a financial manager to begin planning for his son’s future. he opened a college savings account. this is an example of a next, he goes to the store to buy several items. he sees that beef costs $4.99 per pound, while eggs cost $2.50 per dozen. both are good sources of protein; and the eggs will provide two meals while the beef will only provide one. jeffrey is comparing each item’s at the cashier, he trades $25.09 for the eggs, vegetables, bread, milk, and potato chips. the money in his wallet is used as a -medium of exchange - unit of account - store of value - fiat money
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