Which situation best illustrates the function of money as a measure of value?A.A computer company builds a factory overseas to make its products at a low cost.B.A farmer trades one of his cows to his neighbor for three of her sheep.C.A consumer compares the prices of different cars before deciding which one to buy.D.A banker gives money to an entrepreneur to help her start a new business.SUBMITarrow_backPREVIOUS

A homeowner uses a $10 bill to pay a neighbor for cutting his lawn. The neighbor uses the $10 bill to buy dinner at a restaurant. That $10 bill is worth the same amount to the homeowner, the neighbor, and the restaurant. This is an example of which function of money?A.Store of valueB.Transfer of valueC.Standard of deferred paymentD.Measure of value

Which of the following statement is TRUE about the economic functions of money?Group of answer choicesAll available answersMoney serves as a ‘Means of Payment’ since it can be viewed as a mechanism for exchange of goods or services in all types of transactions.Money acts as an ‘Unit of Account’ where, in the pricing of items, it becomes a standard unit of measurement of the value of goods or services.Money serves as a 'Store of Value' in that assets held in the form of money can be used as an investment for future use.

To compare a value of money in the present with a value of money in the future using the same measurement, economists useMultiple choice question.multivariate regression analysis.the time-value of money.economic surplus.dead-weight loss.decomposition techniques.

Identify and analyze the four functions of money

money has value in itself as well as value in its use as money.