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The Idea Behind Money as a Standard of Value Is

question 167

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The idea behind money as a standard of value is that use of money allows:


Definitions:

Hierarchies

Systems in which members of an organization or society are ranked according to status or authority.

Equality

The state of being equal, especially in status, rights, and opportunities.

Workplace

A location where people are employed and where professional duties are carried out.

Intercultural Skills

The ability to communicate effectively and appropriately with people from other cultures, understanding their norms and behaviors.

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