asked 90.5k views
1 vote
A jeweler assesses the value of a flawless white diamond as considerably more than that of a rhinestone. which function of money does this illustrate?

asked
User Zonda
by
7.9k points

1 Answer

3 votes

The function of money that illustrates this is, Measure of worth”.

Because we can measure and compare the value of goods and services with money and it is the common standard to measure the values. Money is performing a function as medium of exchange when money is used as a midway to exchange the goods and services.

answered
User Adrian Garner
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories