When We Say That Money Serves as a Unit of Account

question 79

Multiple Choice

When we say that money serves as a unit of account, we mean that it is:

• A)a way to keep some of our wealth in a readily spendable form for future use.
• B)a means of payment.
• C)a monetary unit for measuring and comparing the relative values of goods.
• D)declared as legal tender by the government.

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Definitions:

Good Coping

Effective strategies and mechanisms used by individuals to manage stress, challenges, and adversity.

Trait

A characteristic or quality that defines an individual, often used to describe patterns in behavior, thought, and emotion.

Conscientiousness

An attribute defined by the qualities of being structured, dependable, and possessing a significant commitment to duty.

Agreeableness

A personality trait characterized by warmth, kindness, empathy, and a willingness to cooperate with others.