Which of the Following Applies to the Use of Money

question 439

Multiple Choice

Which of the following applies to the use of money as a unit of account?
I. A unit of account is an agreed measure for stating the prices of goods and services.
II. Using money as a unit of account creates a simplified pricing system.
III. Economies choose many goods as units of account.

• A) I only
• B) II only
• C) I and II
• D) I and III

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