Which of the Following Defines the "Unit of Account" Function

question 125

Multiple Choice

Which of the following defines the "unit of account" function of money?

• A) A common measurement of the relative value of different goods and services.
• B) The ability of money to hold value over time.
• C) The materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity value.
• D) Money is widely accepted in exchange for goods and services.

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Definitions:

Biological Systems

Complex networks of biologically relevant entities and processes that interact within living organisms to sustain life and enable function.

External Incentives

Rewards or punishments coming from the environment that influence behavior, such as money, praise, or penalties.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response during perceived threats, increasing heart rate, and releasing adrenaline.

James-Lange Theory

A theory of emotion proposing that emotions occur as a result of physiological reactions to events.