Which of the Following Items Serve as a Unit of Account

question 139

Multiple Choice

Which of the following items serve as a unit of account?
I. $100 cash
II. checkable deposits
III. an original Picasso painting
IV. a $1,000 corporate bond that you own

• A) I only
• B) I and II
• C) I, II, and III
• D) I, II, and IV
• E) I, II, III, and IV

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Definitions:

Conclusion

The final part of an argument, statement, or process that follows logically from the premises or conditions.

Major Premise

The first proposition in a syllogistic argument, which contains the major term (the predicate of the conclusion) and makes a general statement.

Categorical Syllogism

A form of reasoning consisting of three statements - two premises followed by a conclusion, each statement categorically linking terms.

Conclusions

Statements or judgments that are arrived at after consideration of the evidence or arguments presented.