Which of the following correctly defines money as a unit of account?
a. it determines whether a good has value.
b. it is determined to be legal by the person in possession of it.
c. it provides a means for comparing the values of goods and services.
d. it does not retain its value when saved instead of spent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following correctly defines money as a unit of account? a. it determines whether a good has value. b. it is determined to be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A federal covered registered investment adviser completes a notice filing with the State on October 1st. This will: A. expire on October 1st of the following year B. not expire because it is not a registration filing C.
Answers (1)
Choose a contemporary leader (someone you know personally or a public figure). Consider how this individual leads.
Answers (1)
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 6,100 Accounts receivable (net) 31,000 Inventory 71,000 Property, plant, and equipment (net)
Answers (1)
A business owner decides to take out a bank loan instead of issuing stock in order to raise funds for the business. Why might the owner have made that decision?
Answers (1)
An increase of $100,000 in inventory would result in a (n) Increase in bonds payable. Decrease of net cash flow. Decrease in marketable securities. Increase in net cash flow.
Answers (1)
New Questions in Business
JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.
Answers (1)
Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours. Calculate Sykora's predetermined overhead rate.
Answers (1)
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.
Answers (1)
What type of skills tends to be equally important at all levels of management? a. technical skills b. human skills c. decisional skills d. motivation to manage e. conceptual skills
Answers (1)
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.
Answers (1)