Question

Two people are trying to work out a trade. One person has apples and the

other has pineapples. They check a supermarket and see that apples sell
for $1 each and pineapples sell for $2 each. They agree to trade two
apples for every pineapple.
This situation best illustrates which function of money?

Answer 1

Measure of Value

Step-by-step explanation:

The function of money being illustrated is known as a Measure of Value. This is basically when an item's monetary values are compared when making a trade. In this scenario, both the apples and pineapples are being compared based on their monetary value. Since a single pineapple is worth twice the amount of money that a single apple is worth. Then that means that a fair trade would be two apples for every pineapple which would be a trade of the same amount of monetary value.