money is the common unit of measurement of the value of good and services explain
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Unit of account: Money is the common standard for measuring relative worth of goods and service. 3. Store of value: Money is the most liquid asset (Liquidity measures how easily assets can be spent to buy goods and services).
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Answer:we know that all economic goods have price . As a measure of value of good and services in terms of price.since money is the common unit of measurement, it become very easy to determine the value of goods and services and make a comparison there of. Thus, it has been rightly said that "money is the common unit of mesurement of the value of goods and services".
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