Question : This function helps in calculating relative price of goods and services. Due to this reason it is regarded as
Option 1: Medium of exchange
Option 2: Measure of value (Unit of value)
Option 3: Store of value
Option 4: Standard of deferred payment.
Answer (1)
4th Jan, 2024
Correct Answer:
Measure of value (Unit of value)
Solution :
Money helps in calculating relative price of goods and services. Due to this reason, it is regarded as Unit of Account.
Hence Option B is correct.
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