__________ refers to the exchange value of a commodity expressed in terms of money.

Value

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Utility

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Price

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Goods

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Solution

The correct option is C Price
Price is the quantity of payment or compensation given to the opponent in return for goods or services. In modern economies, prices are generally expressed in units of some form of currency as exchange values.

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Which of the following is not a problem of ‘commodity money’ when it acts as a medium of exchange?

___ refers to a social process whereby people exchange goods and services for money or for something of value to them.

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