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How does money act as a measure of value? - Economic Applications

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Question

How does money act as a measure of value?

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Solution

Money serves as a measure of value, i.e., a unit of measurement in terms of which the values of all goods and services are measured and expressed. 

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Chapter 7: Meaning and Functions of Money - QUESTIONS [Page 184]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTIONS | Q 7. ii | Page 184
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