When we measure and record economic value,we use money as the
A)liquid asset.
B)medium of exchange.
C)unit of account.
D)store of value.

Question

Quizplus · Accepted Answer

Money is used as a unit of account when measuring and recording economic value. This means that money is the standard measure of value for goods and services in an economy. It provides a common language for people to communicate value and helps facilitate economic transactions. While money may also serve as a medium of exchange, store of value, and liquid asset, these are not necessarily relevant when measuring and recording economic value.

When We Measure and Record Economic Value,we Use Money as the