A unit of account is
A) anything that is generally accepted in exchange for goods and services.
B) a common measurement in which relative values are expressed.
C) an item's ability to hold value over time.
D) the exchange of goods and services for other goods and services.
E) both a and d
Correct Answer:
Verified
Q76: Bank A holds $1 million in required
Q77: If checkable deposits in Bank A total
Q78: The unit of account function of money
Q79: In a barter economy,
A) money is a
Q80: Tenth National Bank holds $285 million in
Q82: Bank A has checkable deposits of $10
Q83: Total reserves are
A) equal to required reserves
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