Multiple Choice
Which of the following applies to the use of money as a unit of account?
I. A unit of account is an agreed measure for stating the prices of goods and services.
II. Using money as a unit of account creates a simplified pricing system.
III. Economies choose many goods as units of account.
A) II only
B) I and III
C) I only
D) I and II
Correct Answer:

Verified
Correct Answer:
Verified
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