The unit of account is defined as
A)the exchange of goods and services directly for other goods and services.
B)barter.
C)the medium of exchange.
D)an object that is accepted in return for goods and services.
E)an agreed upon measure for stating prices of goods and services.

Question

Quizplus · Accepted Answer

The unit of account is a standard numerical monetary unit of measurement that provides a consistent way of valuing goods and services, allowing them to be compared and priced.

The Unit of Account Is Defined as