The fact that you can use money to compare the value of one good to another is a result of which characteristic?
A)Its use as a medium of exchange.
B)The fact that it is a store of value.
C)The fact that it is a measure of value.
D)The fact that it is backed by gold.

Question

Quizplus · Accepted Answer

Money serves as a measure of value, allowing individuals to compare the value of goods and services in terms of a standardized unit of account. While money can also serve as a medium of exchange and store of value, these characteristics do not directly relate to its ability to facilitate comparative valuation. Money is no longer backed by gold, so choice D is incorrect.

The Fact That You Can Use Money to Compare the Value