When money prices are used to facilitate comparisons of value,money is said to function as a
A)unit of account.
B)medium of exchange.
C)store of value.
D)payments-system ruler.

Question

Quizplus · Accepted Answer

When money is used to compare the value of different goods and services, it is functioning as a unit of account. This means that it provides a common denominator for comparing the values of different goods and services.

When Money Prices Are Used to Facilitate Comparisons of Value,money