Which of the Following Best Illustrates the Unit of Account

question 191

Multiple Choice

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

• A)You list prices for candy sold on your Web site, 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:

Loyalist Exiles

The British loyalists who were forced to leave the United States after the American Revolution and resettled in other British colonies.

Canada

A country in North America, known for its vast landscapes, multicultural communities, and as the second largest country by total area.

Economic Freedom

Denotes the ability of individuals in a society to take economic actions, such as starting a business or trading, free from government restrictions.

Community Interests

Shared concerns or objectives that are important to the well-being and functioning of a group or society.