The unit of account
A) is an accounting of the total units of goods and services produced in an economy.
B) is an agreed measure for stating the prices of goods and services in an economy.
C) is a type of value stored within all assets.
D) is a type of accounting of how many currency units there are in an economy.
Correct Answer:
Verified
Q10: Reserves are .
A)gold in a bank's vault
Q11: Q12: The most direct way in which money Q13: Liquidity can Q14: In the short run, which of the Q16: Liquidity is the same as Q17: According to the quantity theory of money, Q18: In the short run, when the Reserve Q19: When the nominal interest rate rises, the Q20: The "double coincidence of wants" problem is
A)be created by borrowing long and
A)diversification of an
A)always
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents