When Money Provides a Yardstick That Allows Individuals to Compare

question 285

Multiple Choice

When money provides a yardstick that allows individuals to compare the relative values of goods and services, it is functioning as a

• A) medium of exchange.
• B) unit of accounting.
• C) store of value.
• D) standard of deferred payment.

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Definitions:

Connector

A device used to join electrical terminations and create an electrical circuit; connectors come in various sizes and shapes for different purposes.

Input Devices

Input devices are peripherals used to provide data and control signals to a computer, such as keyboards, mice, and scanners.

Digitizer

A device or software that converts analog information into digital form, often used in the context of touchscreens and drawing tablets to interpret touch or stylus input.