Multiple Choice
A unit of account is
A) a standard unit that provides a consistent way of quoting prices.
B) an asset that can be used to transport purchasing power from one period of time to another.
C) what sellers generally accept and buyers generally use to pay for goods and services.
D) the ability to buy something today but to defer payment to the future.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: _ are financial securities that represent partial
Q49: A person wanting the most liquid asset
Q49: Gold is an example of:<br>A)commodity money.<br>B)fiat money.<br>C)barter
Q52: A disadvantage of using money as a
Q53: In March 2014,the level of credit in
Q54: Which of the following is part of
Q56: Which one of the following is not
Q118: If banks do not loan out all
Q122: If the Reserve Bank of Australia wants
Q217: When banks gain _,they can _ their