Which of the Following Best Illustrates the Unit of Account

question 164

Multiple Choice

Which of the following best illustrates the unit of account function of money?

• A) You list prices for clothing sold on your Web site, www.nattydresser.com, in dollars.
• B) You pay for your cruise tickets with dollars.
• C) You keep $50 in your backpack for emergencies.
• D) You keep your tips earned from your tour guide job in a separate jar at home.

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Definitions:

Sports Writer

A journalist or writer specializing in sports news, commentary, and analyses, often covering games, athletes, and major sporting events for media outlets.

Top Three

Refers to the highest-ranking trio in a given category or competition, often based on performance, preference, or quality.

Frequency Distribution

An arrangement of a set of scores from lowest to highest that indicates the number of times each score was obtained.

Quantitative Variable

A variable that can be measured numerically and can vary in quantity, often used in statistical analysis to represent data points.