Which of the Following Applies to the Use of Money

question 351

Multiple Choice

Which of the following applies to the use of money as a unit of account?
I. A unit of account is an agreed measure for stating the prices of goods and services.
II. Using money as a unit of account creates a simplified pricing system.
III. Economies choose many goods as units of account.

• A) I only
• B) II only
• C) I and III
• D) I and II

Understand and differentiate between the types of oral presentations.

Estimate and manage the time required to prepare an effective presentation.

Understand the role and potential downsides of using handouts in presentations.

Apply effective techniques in handling questions and interacting with the audience during a presentation.

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Definitions:

Advance Directive

A written document such as a living will or durable power of attorney that directs others how future health care decisions should be made in the event that the individual becomes incapacitated.

Holographic Wills

Wills that are handwritten, dated, and signed by the person making the will, without the necessity of witnesses, recognized in some jurisdictions.

Nuncupative Wills

Oral wills that are made by the testator in anticipation of imminent death, witnessed by others, and subject to legal restrictions.

Probate Referee

An appointed individual who evaluates the assets of a deceased person's estate for probate court proceedings.