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How Does Money Function as a Unit of Account?​

Question 86

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How does money function as a unit of account?​


A) Money has intrinsic worth as a commodity.
B) Money is convertible into commodities that have intrinsic worth.
C) The prices of all goods and services are measured in terms of money.
D) Things that function as money can do so because people know there is a standard of value that ultimately backs the money even if it is only faith.
E) Bank accounts make it easy for people to store their wealth.

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