The idea behind money as a unit of account is that use of money allows:
A) greater efficiency in exchange.
B) receipt of income to be separated from spending.
C) persons to hold spending power for some period of time.
D) double-entry bookkeeping.
E) prices quoted in money terms.
Correct Answer:
Verified
Q30: Which of the following is an example
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Q32: Fiat money has value because:
A)it is backed
Q35: Which of the following is false?
A)Whenever excess
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Q37: Barter system is less desirable than using
Q62: A depositor cannot directly write checks against:
A)demand
Q68: Which of the following is included in
Q70: Which of the following observations is true
Q77: Money lowers the transaction cost when:
A)the economy
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