Money Serves as a Unit of Account When Goods

question 21

Multiple Choice

Money serves as a unit of account when goods

• A) have a value expressed in the same currency,thus allowing comparisons.
• B) have a value expressed in both a fiat money and a commodity money.
• C) have a value expressed in terms of both a commodity money and a commodity-backed money.
• D) cannot be assigned a value.
• E) have a value that changes over time.

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Definitions:

Forearm

The region of the arm between the elbow and the wrist, consisting of two bones (radius and ulna) and various muscles, nerves, and blood vessels.

Ulna

One of the two long bones in the forearm, extending from the elbow to the smallest finger, and playing a role in arm movement and stability.

Biceps Brachii

A muscle of the upper arm that acts to flex the elbow and rotate the forearm.

Brachialis

A muscle located in the upper arm that is primarily responsible for flexing the elbow.