It is possible with a unit of account to do which of the following?
A) compare relative values of various goods and services
B) keep records about prices and debts
C) simplify actual transactions throughout the economy
D) It is possible to do all of the above.
Correct Answer:
Verified
Q33: The barter system is considered to be
Q34: Compared to a monetary system of exchange,
Q35: Barter systems tend to be found most
Q36: In an economy, money promotes
A)limited exchanges of
Q37: A unit of account refers to which
Q39: The development of money facilitates all of
Q40: M2 contains which of the following?
A)travelers' checks
B)government
Q41: Domestic nonfinancial debt is a measure of
Q42: M1 includes all of the following except
A)currency.
B)checkable
Q43: Which aggregate is the largest?
A)M1
B)M2
C)checkable deposits
D)DNFD
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