Money acts as a means of calculating relative prices of goods & services.
A
True
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B
False
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Solution
The correct option is A True True.
Money refers to a common medium of exchange that is
issued under the law of government and acts as a legal tender for the whole
country. As a measure of value, money functions by determining the value of goods and services in the economy. Money is taken as the common
denominator while calculating relative prices of all goods and services in the economy.