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When prices let buyers compare the worth of different goods, money is acting as a:
AStandard of value
BStandard of volume
CStandard of vision
DStandard of voting
Answer & Solution
Correct answer: A. Standard of value
1. Its own value is accepted by everyone.
2. Goods can then be priced against it.
3. It is a standard of value.
_Source: OpenStax Introduction to Business, Chapter 15, Understanding Money and Financial Institutions._
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