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4 October, 11:27

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.

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  1. 4 October, 11:54
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    The correct answer to this question is letter "c. it provides a means for comparing the values of goods and services." The statement that correctly defines money as a unit of account is that it provides a means for comparing the values of goods and services.
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