The Unit of Account Function of Money

question 131

Multiple Choice

The unit of account function of money:

• A) requires a double coincidence of wants, as in barter.
• B) eliminates the need to value every item in terms of every other item.
• C) is the most important function of money.
• D) refers to the value of money over time.

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Definitions:

Time Urgency

A feeling of pressure to complete tasks and activities quickly, often associated with stress and anxiety.

Type A Personality

A temperament characterized by high levels of competitiveness, self-motivation, and a constant sense of urgency.

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, heart attacks, congestive heart failure, and congenital heart defects.

Hostility

Feelings of anger, aggression, or opposition towards others, which can manifest in various behaviors or attitudes.