Question

Which statement shows that money is a "measure of value?" This bill is worth twenty dollars. My mp3 player is worth two hundred dollars. The dollar I just found in my drawer is still worth a dollar. The more gigabytes it has, the more it is worth.

Answer 1

The answer is My mp3 player is worth two hundred dollars

Step-by-step explanation:

Answer 2

Answer: Option (B) is correct.

Step-by-step explanation:

There are four functions of money are as follows:

(i) Medium of exchange

(ii) Store of value

(iii) Measure of value( unit of value)

Measure of value is a function of money which enables us to measure the value of different goods and services that a consumer wants to buy or seller wants to sell in monetary terms.

Therefore, we can easily measure the value of mp3 player in monetary terms i.e. it is worth two hundred dollars.