measure of value

See: money
Mentioned in ?
References in periodicals archive ?
If cryptocurrencies are to replace money, then they have to fulfil money's three core functions: as medium of exchange, a measure of value and a store of value.
Second, the book argues that the increasing use of silver as a unified measure of value, medium of exchange, and store of wealth also lowered transaction costs for high value exchanges.
This polysemy is partly because Smith is developping the terminology to refer to value and measure of value, and often uses it with much imprecision.
Washington, Safar 19, 1437, December 01, 2015, SPA -- The International Monetary Fund moved Monday to add China's renminbi to the currencies that the crisis lender uses as a measure of value, alongside the dollar, euro, yen and pound sterling.
Return on customer (ROC) can be expressed as a mathematical equation, but to the authors, it's a measure of value creation--and a key metric to drive decisions about a host of business issues, including financial reporting and business combinations.
Similarly, links between Web sites are assumed to provide an objective measure of value and to be a sign of peer endorsement.
Critics have pointed to shortcomings in the embedded value methodology and question whether it is really the true best measure of value. Some say that it is overly complex, involves too many assumptions and has the potential for misinterpretation.
They are most certainly not "worth" whatever they cost to create (i.e., cost or amortized cost is not a sound measure of value).
As a result, the bid price may not be a true measure of value. If the taxpayer, as in this case, can prove a lower value, then that value is the proper "sale price" to use under the section 1001 regulations.
The dollar is only a measure of value, defined entirely by its purchasing power, or what another person is willing to give you for it.
Money is used as a measure of value and, more importantly, a benchmark for commitment.
They explore the social implications of the parallel shift from cattle to money as a measure of value (Chapter 5), showing how abstract "legless cattle" were still used after the demise of widespread pastoralism in transactions like bridewealth that entailed a change of status.