A Unit of Account Is

question 122

Multiple Choice

A unit of account is

• A) anything that is generally accepted in exchange for goods and services.
• B) a common measurement in which relative values are expressed.
• C) an item's ability to hold value over time.
• D) the exchange of goods and services for other goods and services.
• E) both a and d

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Definitions:

Cost Basis

The original value of an asset for tax purposes, adjusted for stock splits, dividends, and return of capital distributions.

Copyright

A legal right granted to the creator of original works of authorship, allowing exclusive use and distribution.

Musical Work

A creative piece of music which has been composed, written, or recorded.

Engine

A machine designed to convert one form of energy into mechanical energy.