Question

One function of money is to allow comparisons between goods. For example, it would be difficult to compare "apples to oranges" if we could not say that apples cost $1.59 per pound, while oranges cost $0.99 per pound

Answer 1

Answer:

The statement is: True.

Explanation:

Money has three functions: unit of account, store of wealth, and medium of exchange. Money is a unit of account because thanks to it goods and services can be given a value expressed in numbers differentiating them from one another. The value is set according to many factors such as availability, supply, utility, and quality of the goods or services.

Answer 2

Answer:measure of value

Explanation:It’s act a kind of yardstick to allow for comparison between very different kinds of goods.