The Unit of Account Function of Money

question 126

Multiple Choice

The unit of account function of money:

• A)means that money should be durable.
• B)means that money makes price information more accessible.
• C)requires that money be made of something valuable.
• D)means that money can be used to save up purchasing power.
• E)means that money is more easily counted than goods.

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Definitions:

Production Function

An economic model that describes the relationship between inputs and the quantity of output produced.

Boundary-Spanning

refers to actions or roles within an organization that involve interaction with the external environment, such as engaging with clients, suppliers, or other stakeholders.

Organizing Function

The process of arranging resources and tasks to achieve objectives, typically within a business or organizational setting.

Raw Materials

Raw materials are the basic substances in their natural, modified, or semi-processed state, used as inputs to a production process for subsequent modification or transformation into finished goods.