Asked by
Michael Futchi
on Nov 11, 2024Verified
The unit of account function of money:
A) means that money should be durable.
B) means that money makes price information more accessible.
C) requires that money be made of something valuable.
D) means that money can be used to save up purchasing power.
E) means that money is more easily counted than goods.
Unit Of Account
A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.
Function
In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.
Durable
Refers to goods that are designed to last and not wear out quickly, often used in contrast to consumable goods.
- Recognize the functions and features of monetary assets.
Verified Answer
SR
Learning Objectives
- Recognize the functions and features of monetary assets.