As a Unit of Account, Money Is Used to

question 59

Multiple Choice

As a unit of account, money is used to

• A) state prices of all goods and services.
• B) pay off future debts.
• C) hold purchasing power over time.
• D) exchange for goods and services.

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Definitions:

Bonds

Fixed-income instruments that represent a loan made by an investor to a borrower, typically corporate or governmental.

Physical Assets

Tangible objects or properties owned by an individual or business that have intrinsic value, such as machinery, buildings, or land.

Price Level

The comprehensive average of current prices for goods and services in the economic sector.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.