By functioning as a unit of account, money provides a common measurement of the relative value of goods and services.
Correct Answer:
Verified
Q128: Any item can successfully serve as money.
Q129: The Monetary Control Act of 1980:
A) extended
Q130: The Monetary Control Act of 1980:
A) required
Q131: The Monetary Control Act of 1980 extended
Q132: The Monetary Control Act of 1980:
A) allowed
Q134: The Monetary Control Act of 1980:
A) created
Q135: M1 includes savings accounts.
Q136: Barter is a system of exchange that
Q137: M1 is actually a smaller amount than
Q138: An economy using money is more efficient
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