In Which of the Following Situations Does Money Serve as a Unit

question 49

Multiple Choice

In which of the following situations does money serve as a unit of account?

• A) Goods have a value expressed in the same currency, thus allowing comparisons.
• B) Goods have a value expressed in both a fiat money and commodity money.
• C) Goods have a value expressed in terms of both a commodity money and commodity-backed money.
• D) Goods cannot be assigned a value.
• E) Goods have a value that changes over time.

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Definitions:

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A personality trait characterized by a manipulative, deceitful, and exploitative approach to interpersonal relationships and strategies.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

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Having an understanding of and sensitivity to the values, practices, and customs of different cultures.

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