If the prices of goods and services were expressed in terms of coconuts, then coconuts would be serving as a

Question

Quizplus · Accepted Answer

Coconuts would be serving as a standard of value if prices of goods and services were expressed in terms of coconuts. This means they are being used to measure and compare the value of different items, similar to how a currency functions in determining the price of goods and services.

If the Prices of Goods and Services Were Expressed in Terms