The quantity theory of money assumes that the velocity of money

Use the following statements to answer this question:

I. If the extent of a market is broader, it is less likely that firms in the market can influence the market price. II. In determining whether two different products belong to the same market, it is necessary to know whether the two products can be used as substitutes for each other. A. I and II are both true. B. I is true, and II is false. C. I and II are both false. D. I and II are both false.

Which function of money represents a measure for stating the prices of goods and services?

A) medium of exchange B) unit of account C) store of value D) means of payment