Which of the Following Is True of the Unit of Account

question 88

Multiple Choice

Which of the following is true of the unit of account function of money?

• A)It makes money durable in nature.
• B)It makes the relative values of goods and services more easily known.
• C)It implies that money should be made of something valuable.
• D)It implies that money can be used to save up purchasing power.
• E)It implies that money is more easily counted than goods.

Understand the techniques for emphasizing or de-emphasizing information within a report.

Recognize the roles and strategies for writing conclusions and recommendations.

Acknowledge the importance of proper document formatting, including lists and tables.

Appreciate the necessity of starting the report composition process with relevant sections.

---

Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers over a range of prices.

Equilibrium Price

The cost where the amount of products offered matches the amount of products sought by consumers.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity of goods or services demanded at the market equilibrium price.