When an asset is used as a universal yardstick for expressing the worth of different goods and services,it serves the function of a ________.
A) store of value
B) unit of account
C) medium of exchange
D) loanable fund

Question

Quizplus · Accepted Answer

When an asset is used as a universal yardstick for expressing the worth of different goods and services, it serves the function of a unit of account. This means that it is being used as a common measure or standard for expressing economic value.

When an Asset Is Used as a Universal Yardstick for Expressing