The Unit of Account Characteristic of Money

question 51

Multiple Choice

The unit of account characteristic of money:

• A) makes it difficult to compare the relative prices of goods and services.
• B) refers to how we use money to transfer purchasing power over time.
• C) means prices are expressed in terms of money.
• D) means that money finalizes payments.

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Definitions:

Thematic Apperception Test

A projective psychological test involving the presentation of ambiguous images to a subject, who is asked to tell a story about each image.

Motives

Internal processes that energize, direct, and sustain behavior toward achieving a particular goal or fulfillment.

Crystallized Intelligence

A form of intelligence that involves the ability to use learned knowledge and experience.

Aptitude

A natural ability or talent that makes it easier for someone to learn certain skills or perform certain tasks efficiently.