Define prices of all other goods in terms of money serves as
A)unit of account.
B)medium of exchange.
C)store of value
D)barter.

Name: Define prices of all other goods in terms of money serves as A)unit of account. B)medium of exchange. C)store of value D)barter.
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Question

Quizplus · Accepted Answer

The unit of account function of money means that it is used as a standard measure to express the value of goods and services. Therefore, defining prices of all other goods in terms of money is the main function of money as a unit of account.

Define Prices of All Other Goods in Terms of Money