Money serves as a measure of economic value (i.e. ,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.
E) private money to be issued for local usE.

Question

Quizplus · Accepted Answer

Money serves as a unit of account which enables easy comparison of the relative prices of goods and services. It facilitates transactions by expressing the value of goods and services in a standardized form.

Money Serves as a Measure of Economic Value (I