Prices for a car and a shirt can be compared directly in rupees. Money…

Question

Prices for a car and a shirt can be compared directly in rupees. Money here acts as a:

Accepted Answer

C. Unit of account

1. Money is a common ruler for values.
2. It simplifies thinking about trade offs.
3. That is a unit of account.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Unit of length

Answer

Unit of volume

Answer

Unit of weight

Prices for a car and a shirt can be compared directly in rupees. Money here acts as a:

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