The function of money that helps assess the opportunity cost of an activity is money's use as a
A) barter tool.
B) unit of account.
C) store of value.
D) medium of exchange.
E) store of debt.

Question

Quizplus · Accepted Answer

Money's function as a unit of account allows it to serve as a standard numerical unit of measurement of the market value of goods, services, and other transactions. This helps in assessing the opportunity cost of an activity by comparing the value of what is given up to what is gained.

The Function of Money That Helps Assess the Opportunity Cost