The Unit of Account Function of Money

question 34

Multiple Choice

The unit of account function of money

• A)all of the following are correct
• B)means that money makes the relative values of goods and services more easily known
• 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:

Inventory Carrying Costs

Expenses associated with holding or storing inventory for sale, including warehousing, insurance, depreciation, and opportunity costs.

Markdown Percentage

A measure of the reduction in price of an item or goods, expressed as a percentage of the original price, often used in retail to clear old stock.

Marketing Metrics

Quantitative measures used to monitor, evaluate, and guide the effectiveness of marketing strategies and campaigns.

Financial Indicator

Quantitative measures used to assess the financial health, performance, and stability of a business or investment.