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:

Training Opportunities

Programs or courses offered by an employer or educational institutions to help employees gain new skills or improve existing ones.

Personnel Doctrine

A set of beliefs, practices, and policies used to manage human resources in an organization, guiding the recruitment, employment, and development of staff.

New Culture

The process or result of developing and integrating new set of beliefs, values, and practices within an organization or community.

Social Order

The set of rules, norms, and standards that govern behavior in societies, ensuring predictability and functionality among its members.