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 relative values of goods and services more easily 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 its ability to serve as a common measure of the value of goods and services, which makes it easier to compare their relative worth.

Which of the Following Is True of the Unit of Account