When money is acting as a unit of account, it allows someone to:______
a) speed up the purchase of goods.
b) delay the purchase of goods.
c) measure the value of goods precisely.
d) make exchanges more efficiently.

Money when used as a medium of account serves the purpose of measurement of value: of goods/services and amount of asset/liability of an individual or organization. Money as means of account enables a person to know the value of goods purchased/sold.

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BenitoMarin BenitoMarin · Answer 2 · 2020-02-16T02:50:57+01:00

Answer:

The correct answer is letter "C": measure the value of goods precisely.

Explanation:

Money fulfills three functions: medium of exchange, unit of account, store of value. The unit of account function of money allows individuals to set standard numeric values to goods or services. Before the use of currency, men used bartering for exchanges but the main issue relied on valuing the objects being traded since two different individuals can give different values to the same object.

When money is acting as a unit of account, it allows someone to:______ a) speed up the purchase of goods. b) delay the purchase of goods. c) measure the value of goods precisely. d) make exchanges more efficiently.

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When money is acting as a unit of account, it allows someone to:______
a) speed up the purchase of goods.
b) delay the purchase of goods.
c) measure the value of goods precisely.
d) make exchanges more efficiently.