Money serves as a basic yardstick for measuring economic value (a unit of account), allowing:
A)people to hold their wealth in a liquid form.
B)governments to restrict the issuance of private monies.
C)easy comparison of the relative prices of goods and services.
D)goods and services to be exchanged with a double coincidence of wants.

Question

Quizplus · Accepted Answer

Using money to measure value is common because nearly everybody has some idea of what the currency is worth. So money does allow us to compare apples and oranges - in common value of money.

Money Serves as a Basic Yardstick for Measuring Economic Value