A unit of account,by definition,is
A) the measure in which prices are quoted.
B) a price that is consistent in value.
C) a commodity used to measure value.
D) an individual account or deposit.
E) a currency with no inherent value.
Correct Answer:
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Q123: A "double coincidence of wants" occurs when
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A) the infrastructure
Q125: A balance sheet is an accounting statement
Q126: A bank's liabilities,by definition,are the
A) financial obligations
Q127: Currency,by definition,is
A) paper money and deposits that
Q129: A bank's assets,by definition,are the
A) financial obligations
Q130: Barter,by definition,is
A) a commonly accepted medium of
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Q132: Fiat money,by definition,is money that
A) is declared
Q133: Commodity money,by definition,is
A) an actual good,used as
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