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Commodity Money Cannot Be Used as a Unit of Account

question 193

True/False

Commodity money cannot be used as a unit of account.


Definitions:

Unstated Premise

An implicit assumption in an argument that is not directly expressed but is necessary for the argument's conclusion.

O Proposition

A type of categorical proposition that denotes some S are not P, where S stands for the subject and P for the predicate.

Enthymeme

A syllogism in which one of the premises is implicit or assumed rather than explicitly stated.

Hedge Fund

A pooled investment fund that employs different strategies to earn active return, or alpha, for their investors.

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