ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Other Checkable deposits that occured on Thanksgiving to get new Christmas Trees
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The purchasing power of money can be transported from one time period to another
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Money is accepted by people when they buy goods and services
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Money is like a yardstick. People use it to compare the worth of things they buy/sell
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Detailed explanation-1: -Money as a measure of value, helps in determining the value of goods and services in the economy. Money is taken as the common denominator while measuring the value of goods and services in the economy. Therefore, with the help of this function everything can be measure in a common denominator or unit.
Detailed explanation-2: -It acts as a yardstick of standard measure of value to which all other things can be compared.” Money measures the value of everything or the prices of all goods and services can be expressed in terms of money.
Detailed explanation-3: -Money serves as a yardstick for measuring the value of goods and services. As the value of all goods and services is measured in a standard unit of money, their relative values can be easily compared.
Detailed explanation-4: -Money serves as a measure of value. The value of all goods and services is expressed in terms of money.