Which function of money refers to the use of money to state the prices of goods and services?
A) store of value
B) medium of exchange
C) means of payment
D) unit of account

Question

Quizplus · Accepted Answer

The function of money that refers to the use of money to state the prices of goods and services is called "unit of account." It is important for prices to be stated in a standardized monetary unit to facilitate transactions and comparisons of prices between different goods and services.

Which Function of Money Refers to the Use of Money