All Products Can Be Valued and Measured in Terms of Dollars

question 105

Multiple Choice

All products can be valued and measured in terms of dollars. This illustrates the ________ function of money.

• A) payment for labour
• B) unit of account
• C) store of value
• D) basis for banking system
• E) medium of exchange

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Definitions:

Centrifuge

A machine that uses centrifugal force to separate substances of different densities or liquids from solids.

Glucometer

A medical device used for estimating the concentration of glucose in the blood, important for diabetes management.

Photometer

An instrument that measures light intensity.

Immersion Oil

A type of oil used to increase the resolution of a microscope by reducing the refraction of light between the glass slide and the objective lens.