Which of the Following Is True of the Unit of Account

question 88

Multiple Choice

Which of the following is true of the unit of account function of money?

• A)It makes money durable in nature.
• B)It makes the relative values of goods and services more easily known.
• C)It implies that money should be made of something valuable.
• D)It implies that money can be used to save up purchasing power.
• E)It implies that money is more easily counted than goods.

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Definitions:

False News

Information that is fabricated and disseminated with the intent to deceive or mislead consumers.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Testable Prediction

A statement or hypothesis that can be verified or falsified through experimental or observational means.

Naturalistic Observation

An examination method where people are observed in their natural settings without any alterations made by the researcher.