One function of money is to allow comparisons between goods. For example, it would be difficult to compare "apples to oranges" i

Question

Lynna [10]

3 years ago

13

One function of money is to allow comparisons between goods. For example, it would be difficult to compare "apples to oranges" i

f we could not say that apples cost $1.59 per pound, while oranges cost $0.99 per pound

Social Studies

2 answers:

cupoosta [38] · Answer 1 · 2021-11-19T13:07:31+03:00

Answer:

The statement is: True.

Explanation:

Money has three functions: <em>unit of account, store of wealth, </em>and <em>medium of exchange</em>. Money is a unit of account because thanks to it goods and services can be given a value expressed in numbers differentiating them from one another. The value is set according to many factors such as availability, supply, utility, and quality of the goods or services.

tankabanditka [31] · Answer 2 · 2021-11-19T14:46:24+03:00

tankabanditka [31]3 years ago

7 0

Answer:measure of value

Explanation:It’s act a kind of yardstick to allow for comparison between very different kinds of goods.