Money as the ruler by which we measure values is its role as a:
AStore of value
BLegal tender
CUnit of account
DMedium of exchange
Answer & Solution
Correct answer: C. Unit of account
1. A $100 tax return equals two $50 pairs of shoes.
2. Money is a unit of account.
3. It is a common denominator for trade-offs.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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