As a measure of value,money primarily serves as a(n):
A)varying denominator that allows people to compare the different goods and services that can be consumed at various income levels.
B)common standard or yardstick of the worth of goods and services.
C)way to accumulate wealth.
D)agent contributing to inflation.
E)agent contributing to deflation.

Question

Quizplus · Accepted Answer

Money serves as a common standard or yardstick of the worth of goods and services, making it easier to compare their values and facilitate trade.

As a Measure of Value,money Primarily Serves as A(n)