The Unit of Account Characteristic of Money

question 27

Multiple Choice

The unit of account characteristic of money:

• A)Makes it difficult to compare the relative prices of goods and services
• B)Refers to how we use money to transfer purchasing power over time
• C)Means all prices are expressed in terms of money
• D)Means that money finalizes payments

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Definitions:

Retract

To draw back or in, often referring to the withdrawal of a statement or pulling a part of the body away from an anterior position.

Elevate

To lift something up or to raise to a higher position or level.

Lateral Epicondyle

The Lateral Epicondyle is a bony prominence on the outer side of the elbow, to which the tendons of the muscles that extend the wrist and fingers are attached.

Proximal Phalanx

The bone in the fingers or toes that is closest to the hand or foot, and forms the base of each digit.