Money serves as a measure of value when it is used as a yardstick to compare values of products, services, or resources.

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Money is widely used as a measure of value because it allows us to compare the relative worth of different goods and services. For example, we can determine whether a car is more valuable than a bicycle by comparing their respective prices. By serving as a common denominator, money helps us to make informed decisions about how to allocate our resources.

Money Serves as a Measure of Value When It Is