Which of these statements is true about money?(1 point)

Responses

Money does not provide a standard unit of measurement.
Money does not provide a standard unit of measurement.

Money retains the same value permanently.
Money retains the same value permanently.

Money maintains purchasing power over time.
Money maintains purchasing power over time.

Money stays at the same value over time.

1 answer

The statement that is true about money is:

Money does not provide a standard unit of measurement.

This statement is false, as money does provide a standard unit of measurement, allowing people to compare the value of different goods and services.

The other statements are also false:

  • Money retains the same value permanently: This is not true as the value of money can fluctuate over time due to inflation and other economic factors.

  • Money maintains purchasing power over time: Incorrect, because purchasing power can change due to inflation or deflation.

  • Money stays at the same value over time: This statement is also false as money can lose or gain value over time.

Thus, in summary, none of the provided statements are true about money.

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