Money is used as a _____ because it provides a yardstick for measuring and comparing the values of a wide variety of goods and services.
A) medium of exchange
B) unit of account
C) store of value
D) barter instrument

Question

Quizplus · Accepted Answer

Money serves as a unit of account because it measures the value of goods and services by assigning a price to them. This allows for easy comparison of the value of different products or services. Money is also a medium of exchange and a store of value, but those functions are not directly related to its ability to serve as a yardstick for measuring value.

Money Is Used as a _____ Because It Provides a Yardstick