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When we say that money serves as a unit of account, we mean that: ANSWER Unselected Prices are quoted in terms of money. Unselected Money
When we say that money serves as a unit of account, we mean that: ANSWER Unselected Prices are quoted in terms of money. Unselected Money eliminated the double coincidence of wants that exists under barter. Unselected Exchange is made through the use of money
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Introductory Econometrics A Modern Approach
Authors: Jeffrey M. Wooldridge
4th edition
978-0324581621, 324581629, 324660545, 978-0324660548
