Which of the following is true of the unit of account function of money?
A) It makes money durable in nature.
B) It makes the values of goods and services known.
C) It implies that money should be made of something valuable.
D) It implies that money can be used to save up purchasing power.
E) It implies that money is more easily counted than goods.

Question

Quizplus · Accepted Answer

The unit of account function of money refers to the ability of money to measure the value of goods and services in an economy. It makes the values of goods and services known, allowing for easy comparison and exchange. It does not necessarily make money durable or valuable, allow for saving of purchasing power, or make money more easily counted than goods.

Which of the Following Is True of the Unit of Account