How Does Money Function as a Unit of Account

question 47

Multiple Choice

How does money function as a unit of account?  

• A) Money has intrinsic worth as a commodity. 
• B) The prices of all goods and services are measured in terms of money. 
• C) Some commodities can function as money because people know a standard of value ultimately backs the money. 
• D) Money can be saved in bank accounts.

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Definitions:

Biases

Prejudices or predispositions toward something or someone, often in an unfair or non-objective manner.

Interpersonal Communication

The exchange of information, feelings, and meanings between two or more people through verbal and/or non-verbal methods.

Sender

The person or entity that initiates a message in the communication process.

Receiver

In communication, the receiver is the individual or group who interprets or decodes the message sent by the sender.