When money is used to set the value of goods such as cars,DVD players,and TVs,money is serving as a

Question

Quizplus · Accepted Answer

When money is used to set the value of goods, it is serving as a standard of value. This means that money is being used as a unit of measurement for the worth of goods and services. The other options do not fit this scenario - a medium of exchange is when money is used to purchase goods and services, a store of value is when money is held as an asset, and a standard of deferred payment is when money is used to settle debts in the future.

When Money Is Used to Set the Value of Goods