The Concept of Money as a "Unit of Account" Involves

question 63

Multiple Choice

The concept of money as a "unit of account" involves the use of money to

• A)speed transactions.
• B)reduce shopping time.
• C)protect against inflation.
• D)quote prices.

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Definitions:

Cognitive Dissonance

The unease in one's mind stemming from the coexistence of two or more opposing beliefs, ideas, or values within the same person.

Implicit Attitudes

Unconscious beliefs or feelings towards objects, people, or situations which can influence behavior and perceptions.

Attitude Accessibility

The ease with which an attitude can be retrieved from memory.

Insufficient Justification Effect

A phenomenon where individuals experiencing insufficient external reasons for their actions undergo attitude change to reduce dissonance.