Multiple Choice
When economists say that money serves as a unit of account, they mean that it is
A) a way to keep 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
Q113: Currency and coins held by banks are
Q114: The value (or purchasing power) of money
Q115: If P equals the price level
Q116: The destabilizing effects of defaulting mortgages quickly
Q117: <span class="ql-formula" data-value="\begin{array} { | l |
Q119: (Consider This) Credit cards are defined as
Q120: The Financial Crisis of 2007-2008 was triggered
Q121: As long as the owner (seller) of
Q122: The Federal Reserve System is an<br>A) agency
Q123: <span class="ql-formula" data-value="\begin{array} { | l |