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 hold currency even though you don't intend to spend it right away.
D) None of the above is correct.
Correct Answer:
Verified
Q18: Economists equate money with
A)individual wealth.
B)income regularly earned.
C)assets
Q19: Which of the following is a store
Q20: Which of the following is a store
Q21: When we measure and record economic value,we
Q22: Commodity money is
A)backed by gold.
B)the principal type
Q24: Fiat money
A)has no intrinsic value.
B)is backed by
Q25: Many societies used gold as money,because
A)it is
Q26: Money
A)is a perfect store of value.
B)is the
Q27: The "yardstick" people use to post prices
Q28: Treasury Bonds are
A)both a store of value
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