When money is used as a value in which prices are denoted, money is serving the role of a

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When money is used to denote prices, it is serving the role of a unit of account. This means that it serves as a standard measure of value for goods, services, and assets. Money can also serve as a medium of exchange, store of value, and standard of deferred payment, but when it is used as a measure of prices, it is primarily functioning as a unit of account.

When Money Is Used as a Value in Which Prices