Which of the following best illustrates the unit of account function of money?
A) You list prices for clothing sold on your Web site, www.nattydresser.com, in dollars.
B) You pay for your cruise tickets with dollars.
C) You keep $50 in your backpack for emergencies.
D) You keep your tips earned from your tour guide job in a separate jar at home.

Question

Quizplus · Accepted Answer

Listing prices for clothing sold on a Web site in dollars demonstrates the unit of account function of money because dollars serve as a common unit for measuring the value of goods and services.

Which of the Following Best Illustrates the Unit of Account