Which of the Following Best Illustrates the Unit of Account

question 1

Multiple Choice

Which of the following best illustrates the unit of account function of money?

• A)You list prices for candy sold on your Web site,www.sweettooth.com,in dollars.
• B)You pay for your theater tickets with dollars.
• C)You hold currency even though you don't intend to spend it right away.
• D)None of the above is correct.

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Definitions:

Analogy

A comparison between two different things, highlighting similarities for the purpose of explanation or clarification.

Surface Similarity

The extent to which objects share superficial attributes, which can affect how they are grouped in perception and memory tasks.

Mental Set

A tendency to approach situations in a way that has been successful in the past, potentially hindering the ability to find alternative solutions.

Fill-In-The-Blank

A type of question or statement in assessments and tests that requires participants to supply missing information or words.