Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

3.2.2 Quiz: The Function of Money

Question 2 of 10

Which situation best illustrates the function of money as a measure of value?

A. A computer company builds a factory overseas to make its products at a low cost.
B. A consumer compares the prices of different cars before deciding which one to buy.
C. A banker gives money to an entrepreneur to help her start a new business.
D. A farmer trades one of his cows to his neighbor for three of her sheep.

Sagot :

GinnyAnswer

Final answer:

Money functions as a measure of value by providing a universal yardstick for comparing the value of goods and services.


Explanation:

Money serves as a measure of value by acting as a universal yardstick that expresses the value of goods and services in a single measure. For example, your labor might be valued at $15 per hour, enabling you to compare the economic value of different items.


Learn more about Function of Money as a Measure of Value here:

https://brainly.com/question/41748317


We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.