The Unit of Account Function of Money Refers to the

question 137

Multiple Choice

The unit of account function of money refers to the

• A) fact that money and income are the same thing.
• B) common denominator of measurement provided by money.
• C) characteristic that all money is intrinsically valuable.
• D) all of the above

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Definitions:

Missing Information

The absence of necessary, relevant data or details that are not available or provided.

Social Structure

The systematic configuration of social interactions and institutional structures that as a whole establish society.

Causal Inferences

The process of determining the cause-and-effect relationships between variables.

Sociological

Pertaining to sociology, the study of the development, structure, and functioning of human society.