Money lets you measure the relative values of goods and services. In so doing, money is performing which of the following functions?
A) Store of value
B) Medium of exchange
C) Determination factor
D) Monetary flagging
E) Unit of account

Question

Quizplus · Accepted Answer

Money serves as a unit of account by providing a standard measurement for the value of goods and services. This allows people to compare the relative values of different products and transactions. The other choices (A, B, C, and D) do not accurately describe this function of money.

Money Lets You Measure the Relative Values of Goods and Services