The Unit-Of-Account Function of Money Means That Money Is Used

question 75

Multiple Choice

The unit-of-account function of money means that money is used

• A) as a consistent means of measuring the value of things.
• B) as the common denominator of future payments.
• C) to pay for goods and services.
• D) to accumulate purchasing power.

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Definitions:

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve others, prioritizing the needs of the team or organization.

Societal Benefit

A positive impact on society at large, stemming from actions, policies, or innovations that improve well-being, welfare, or justice within the community.

Leadership

The act of guiding or directing a group towards achieving a common goal through influence and motivation.

Visionary Leadership

A leadership style characterized by the ability to envision future possibilities and inspire others to work towards these goals.