Scott sneaked a peek at Laura's paycheck.He discovered that she makes $200 a month more than he does and he concludes that her job must be more important than his.This illustrates the ________ function of money.

Question

Quizplus · Accepted Answer

The fact that Scott uses Laura's paycheck to measure the worth of their respective jobs illustrates the measure of worth function of money, which refers to money being used as a means of evaluating the value of goods and services relative to one another. Money serves as a universal metric to compare the worth of different jobs or products. The other functions of money (medium of exchange, store of value, and payment for labor) are not directly relevant to this scenario.

Scott Sneaked a Peek at Laura's Paycheck