The unit of account function of money refers to the
A) fact that money and income are the same thing.
B) common denominator of measurement provided by money.
C) characteristic that all money is intrinsically valuable.
D) all of the above
Correct Answer:
Verified
Q73: Money is defined by economists as
A) the
Q74: The amount of required reserves a bank
Q75: "Barter" implies that
A) to get one good
Q76: Bank A holds $1 million in required
Q77: If checkable deposits in Bank A total
Q79: In a barter economy,
A) money is a
Q80: Tenth National Bank holds $285 million in
Q81: A unit of account is
A) anything that
Q82: Bank A has checkable deposits of $10
Q83: Total reserves are
A) equal to required reserves
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