People Use Money as a Unit of Account When They

question 107

Multiple Choice

People use money as a unit of account when they:

• A) hold money to transfer purchasing power into the future.
• B) use money as a measure of economic transactions.
• C) use money to buy goods and services.
• D) hold money to gain power and esteem.

---

Definitions:

Abstract Class

An abstract class in Java is a class that cannot be instantiated on its own and can contain abstract methods, meant to be extended by subclasses.

Methods

Functions associated with objects in object-oriented programming, used to operate on the data contained within the object.

Complete Definitions

Providing comprehensive and detailed explanations or descriptions for given terms or concepts.

Late Binding

A programming mechanism where the method to be called is determined at runtime instead of compile time.