When Money Is Acting as a Unit of Account,it

question 104

Multiple Choice

When money is acting as a unit of account,it:

• A) allows you to speed up the purchase of goods.
• B) allows you to delay the purchase of goods.
• C) allows you to measure the value of goods precisely.
• D) allows you to make exchanges more efficiently.
• E) allows you to make exchanges less efficiently.

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Definitions:

Buyer In Ordinary Course Of Business

Describes a purchaser who buys goods in good faith and without knowledge that the sale violates another party's ownership rights or interests.

Instrument

Any writing that serves as evidence of the right to payment of money.

Writing

The representation of language in a textual medium through the use of a set of signs or symbols.

After-Acquired Property

Property not owned by a debtor at the time of a security agreement but acquired later and subsequently becomes subject to the security interest.