When Economists Say That Money Serves as a Unit of Account,they

question 114

Multiple Choice

When economists say that money serves as a unit of account,they mean that money

• A)allows people to avoid barter (trading goods for other goods)by using money.
• B)is always issued in fixed denominations (for example $1,$5,$10,$20 bills).
• C)allows people to value all goods and services in terms of one commodity (money),rather than in terms of several commodities.
• D)makes it easier for people to maintain value across time by letting them save it in the form of money,rather than in the form of physical goods that might depreciate over time.

---

Definitions:

Competitive Advantage

A condition that puts a company in a superior business position.

Behavioral Competency

A set of behaviors or actions that contribute to successful performance in the workplace or a specific role.

Constructive Dismissal

A situation where an employee resigns due to the employer's conduct, which fundamentally breaches the employment contract.

Local Human Capital

The collective skills, knowledge, and experience possessed by individuals within a local population, contributing to its economic development.