Money serves as a ________ when it is used to measure the value of goods and services
A) unit of accounting
B) means of payment
C) store of value
D) medium of exchange
E) standard of deferred payment
Answer: A
Explanation: Money is used as a measure of value so that buyers and sellers don't have to negotiate the relative worth of dissimilar items with every transaction. Here money is used as unit of accounting.
Business
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