A Problem with the Monetary Unit Assumption Is That

question 179

Multiple Choice

A problem with the monetary unit assumption is that

• A) the dollar has not been stable over time.
• B) the dollar has been stable over time.
• C) the dollar is a common medium of exchange.
• D) it is impossible to account for international transactions.

---

Definitions:

Stare Decisis

A legal principle that mandates courts to follow the rulings of previous cases in similar circumstances to ensure consistency in the law.

American Legal System

A system of laws and legal institutions that govern the United States, including the Constitution, statutes, regulations, and court decisions.

Appeals Court

A court that reviews decisions made by lower courts to determine if legal errors were made that could change the outcome of a decision.

Minnesota Administrative Code

A compilation of the rules and regulations enacted by agencies of the state of Minnesota to govern conduct within the state.