Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the unit of account function of money? O To provide a common measurement of the relative value of different goods and CC

 

What is the "unit of account" function of money? O To provide a common measurement of the relative value of different goods and CC services. O The ability of money to hold value over time. O That the materials used to manufacture money are of medium grade or poor quality, so that people will not hoard money for its value as a commodity. O That money is generally acceptable in exchange for goods and services.

Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Solution The correct answer is to provide a common measurement of the rela... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automation Production Systems and Computer Integrated Manufacturing

Authors: Mikell P.Groover

3rd edition

132393212, 978-0132393218

More Books

Students also viewed these Accounting questions

Question

What is the unit of electrical resistance?

Answered: 1 week ago

Question

What is the unit load principle?

Answered: 1 week ago

Question

Why is the national security argument for tariffs questionable?

Answered: 1 week ago