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Money performs the function of measure of value because it:

Money performs the function of measure of value because it:
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  • A Eliminates market competition
  • B Prevents scarcity completely
  • C Determines prices of goods
  • D Controls government spending
Correct Answer: Option C
Explanation:
Money acts as a standard for measuring the value of goods and services. Prices are expressed in monetary terms, making comparison easier for buyers and sellers.

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