All Products Can Be Valued and Measured in Terms of Dollars

question 30

Short Answer

All products can be valued and measured in terms of dollars. This illustrates the ________ function of money.
payment for labour
unit of account
store of value
basis for banking system
medium of exchange

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Definitions:

Premises

Statements or propositions upon which an argument is based or from which conclusions are drawn.

Excludes

A term used to indicate that certain items or categories are not part of a group or set.

Alternatives

Other options or choices available in a given situation.

Scenario

A written outline of a plot and individual scenes, often used in the context of planning.