Solved

How Does Money Function as a Unit of Account

Question 47

Multiple Choice

How does money function as a unit of account?  


A)  Money has intrinsic worth as a commodity. 
B)  The prices of all goods and services are measured in terms of money. 
C)  Some commodities can function as money because people know a standard of value ultimately backs the money. 
D)  Money can be saved in bank accounts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions