A Unit of Account

question 329

Multiple Choice

A unit of account

• A) is a type of accounting of how many currency units there are in an economy.
• B) is an accounting of the total units of goods and services produced in an economy.
• C) is an agreed measure for stating the prices of goods and services in an economy.
• D) is a type of value stored within all assets.

---

Definitions:

Genus

A term in classification denoting a category of organisms sharing common characteristics, ranking above species and below family.

Furniture

Objects used to make a room or building suitable for living or working in, such as chairs, tables, and beds.

Tables

Pieces of furniture consisting of a flat top supported by one or more legs, used for various activities like eating, writing, or working.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classified within a shared genus.