Asked by
Gurdit Singh
on Nov 11, 2024
Verified
Which of the following is true of the unit of account function of money?
A) It makes money durable in nature.
B) It makes the relative values of goods and services more easily known.
C) It implies that money should be made of something valuable.
D) It implies that money can be used to save up purchasing power.
E) It implies that money is more easily counted than goods.
Unit Of Account
A commonly used numerical value that measures the market price of goods, services, and various transactions.
- Acquire knowledge on the functions and features of money, highlighting its utility as a unit of measurement, instrument of trade, and vehicle for preserving value.
Verified Answer
MD
Learning Objectives
- Acquire knowledge on the functions and features of money, highlighting its utility as a unit of measurement, instrument of trade, and vehicle for preserving value.