Money allows dissimilar goods and services to be valued according to a single common denominator-a nation's basic monetary unit,such as the dollar.Which of the following represents this function?

A) Medium of exchange
B) Store of value
C) Standard of value
D) Standard of deferred payment

Monetrary Unit

The standard unit of currency used in a country's monetary system, facilitating the exchange of goods and services.

Medium of Exchange

A mediating device designed to help in the transaction, acquisition, or swapping of items between participants.

Store of Value

An asset that can be saved, retrieved, and exchanged at a later time, and predictably will be able to purchase goods or services equivalent to its current value.