QuestionAugust 1, 2025

Question 3/Multiple Choice Worth 4 points) (01.06 LC) Which characteristic of money explains that currency has a consistent numerical metric whether one dollar is in the form of an old or a new dollar or as one hundred one-cent pennies? Standard Store of value Medium of exchange Measure of value

Question 3/Multiple Choice Worth 4 points) (01.06 LC) Which characteristic of money explains that currency has a consistent numerical metric whether one dollar is in the form of an old or a new dollar or as one hundred one-cent pennies? Standard Store of value Medium of exchange Measure of value
Question 3/Multiple Choice Worth 4 points)
(01.06 LC)
Which characteristic of money explains that currency has a consistent numerical metric whether one dollar is in the form of
an old or a new dollar or as one hundred one-cent pennies?
Standard
Store of value
Medium of exchange
Measure of value

Solution
4.4(237 votes)

Answer

Measure of value Explanation 1. Identify the characteristic The characteristic of money that ensures a consistent numerical metric across different forms (e.g., old or new dollar, pennies) is its ability to serve as a **Measure of value**. This means it provides a standard unit for measuring and comparing the value of goods and services.

Explanation

1. Identify the characteristic<br /> The characteristic of money that ensures a consistent numerical metric across different forms (e.g., old or new dollar, pennies) is its ability to serve as a **Measure of value**. This means it provides a standard unit for measuring and comparing the value of goods and services.
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