201Exam2-Fall 2017 ord yout References Mailings Review ViewT 5) The unit of acco

Question

201Exam2-Fall 2017 ord yout References Mailings Review ViewT 5) The unit of account is defined as A) the exchange of goods and services directly for other goods and services B) barter C) an object that is accepted in return for goods and services. D) an agreed upon measure for stating prices of goods and services. E) the medium of exchange. 6) The function of money that helps assess the opportunity cost of an activity is money's use as a A) medium of exchange B) store of value. C) unit of account D) store of debt. E) barter tool. 7) When money is used to compare the relative price of a burrito and a taco, money is being used as a A) medium of exchange B) store of value C) measurement of inflation D) unit of account E) token of bartering 5) Money today A) is the demand for loanable funds B) is the supply of loanable funds

Explanation / Answer

1- unit of account in economic terms is the measure of the value of the goods and services , here the currency is used to define the real value of a good.

so answer here is D

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