Which of the Following Best Illustrates the Unit of Account

question 126

Multiple Choice

Which of the following best illustrates the unit of account function of money?

• A)You list prices for candy sold on your website, www.sweettooth.com, in dollars.
• B)You pay for your NHL tickets with dollars.
• C)You keep $10 in your backpack for emergencies.
• D)You sell a used copy of your textbook for $40.

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Definitions:

Popular Vote

The total number of votes cast by the public in an election, as opposed to votes cast by an electoral college or other bodies.

Presidential Elections

The process by which a country chooses a president, typically through a vote of the citizenry or a representative electoral body.

George H.W. Bush

The 41st President of the United States (1989-1993), known for his foreign policy achievements, including his role in ending the Cold War and launching military operations in Panama and the Persian Gulf.

Hubble Telescope

A space telescope launched into low Earth orbit in 1990, named after astronomer Edwin Hubble, which has provided important observations and significantly advanced the field of astronomy.