Multiple Choice
Which statement best illustrates the unit of account function of money?
A) You list prices on your new restaurant menu in dollars.
B) You pay for your Toronto FC season tickets with dollars.
C) You keep $1000 in your safe for emergencies.
D) You sell your home for $750 000.
Correct Answer:

Verified
Correct Answer:
Verified
Q175: Are credit cards and debit cards money?
Q194: If the central bank lowered the reserve
Q195: When was the Bank of Canada Act
Q196: How may the Bank of Canada influence
Q197: Which statement best characterizes credit cards?<br>A) They
Q198: What is the function of debit cards?<br>A)
Q199: What happened during the Great Depression in
Q200: During wars, the public tends to hold
Q202: What is current Canadian currency?<br>A) fiat money
Q203: Suppose an economy has no money, and