Money is used as a unit of account. This means
A) money cannot store value for use in the future.
B) money is used to measure the exchange value and costs of goods, services, assets and resources.
C) money has little or no intrinsic value.
D) money is dependent on the quantity of gold held by the Federal Reserve.

Question

Quizplus · Accepted Answer

Money is used to measure the exchange value and costs of goods, services, assets, and resources. It serves as a common measure of value that allows for efficient economic transactions and comparisons. Money allows individuals and businesses to easily assess the relative value of different goods and services and make informed decisions about how to allocate their resources.

Money Is Used as a Unit of Account