Money Lets You Measure the Relative Values of Goods and Services

question 161

Short Answer

Money lets you measure the relative values of goods and services. In so doing, money is performing which of the following functions?
Store of value
Medium of exchange
Determination factor
Monetary flagging
Unit of account

---

Definitions:

Better Diagnosis

Improved identification and understanding of a problem, condition, or disease, often leading to more effective solutions or treatments.

Organizational Creativity

The ability of a company or organization to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.

Organizational Norms

Established standards of behavior or beliefs that dictate the proper way to act within a specific organization.

Employee's Concern

Refers to the issues, needs, or worries that workers have regarding their job, working environment, or benefits.