Multiple Choice
When we say that money serves as a unit of account, we mean that it is:
A) a way to keep some of our wealth in a readily spendable form for future use.
B) a means of payment.
C) a monetary unit for measuring and comparing the relative values of goods.
D) declared as legal tender by the government.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q75: The paper money used in Canada is:<br>A)National
Q76: Which of the following describes the fundamental
Q77: The goldsmith's ability to create money was
Q78: The two basic functions of the Canadian
Q80: A single chartered bank has a desired
Q81: 1.Foreign currency deposits of residents booked in
Q82: A bank's actual cash reserves can be
Q83: A bank which has liabilities of $150
Q84: In terms of volume or dollar amount,