Which of the following defines the "unit of account" function of money?
A) A common measurement of the relative value of different goods and services.
B) The ability of money to hold value over time.
C) The materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
D) Money is widely accepted in exchange for goods and services.
Correct Answer:
Verified
Q3: Barter requires:
A) that the exchanged goods be
Q5: Compared to a barter economy, using money
Q7: Which of the following defines the "store
Q9: Which of the following correctly describes the
Q10: What is the "store of value" function
Q10: In order for barter to occur,traders must
Q11: A barter economy is one in which
A)
Q13: Which of the following provides the best
Q18: Barter is the:
A) direct exchange of goods
Q19: Fiat money is money:
A) accepted by law
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