The unit-of-account function of money means that money is used
A) as a consistent means of measuring the value of things.
B) as the common denominator of future payments.
C) to pay for goods and services.
D) to accumulate purchasing power.

Question

Quizplus · Accepted Answer

The unit-of-account function of money means that it is used as a consistent means of measuring the value of things. This means that money serves as a common unit of measurement for goods and services, making it easier to compare their relative value.

The Unit-Of-Account Function of Money Means That Money Is Used