Question

Question 26 of 50

Money serves as a:
O Both of these choices are correct.
standard of value.
source of value.

Answer 1

Money serves as both a standard of value and a source of value.

Step-by-step explanation:

Money serves as a standard of value because it is used to measure the worth of goods and services. For example, if a pizza costs $10 and a burger costs $5, we can compare their values based on the monetary price.

Money is also a source of value because it can be exchanged for goods and services. It represents the purchasing power that individuals have in the economy.

So, the correct answer to the question is that money serves as both a standard of value and a source of value.

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