Which of the following best illustrates the unit of account function of money?
A) You list prices for candy sold on your Web site,www.sweettooth.com,in dollars.
B) You pay for your theater tickets with dollars.
C) You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

The unit of account function of money refers to the ability of money to serve as a standard unit of measurement for the value of goods and services. Listing prices in dollars on a website demonstrates the use of dollars as a unit of account. Option B illustrates the medium of exchange function, option C represents the store of value function, and option D is not correct as there is a correct answer.

Which of the Following Best Illustrates the Unit of Account