When We Say That Money Serves as a Unit of Account

question 79

Multiple Choice

When we say that money serves as a unit of account, we mean that it is:

• A)a way to keep some of our wealth in a readily spendable form for future use.
• B)a means of payment.
• C)a monetary unit for measuring and comparing the relative values of goods.
• D)declared as legal tender by the government.

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Definitions:

Social Exclusion

A process where individuals or groups are systematically blocked from rights, opportunities, and resources that are normally available to members of society and necessary for social integration.

Coveted Internship

A highly sought-after temporary position, often in a prestigious organization or field, that offers valuable experience and networking opportunities.

Public Office

A position of authority or service in the government, elected or appointed, which involves fulfilling certain duties to the public.

Manifest Function

The recognized and intended consequences of any social pattern, contributing to societal equilibrium.