A unit of account is
A) a bank account.
B) a savings account.
C) a common measurement in which values are expressed.
D) the same as a medium of exchange.
E) none of the above
C
You might also like to view...
The supply curve for Japanese yen (in terms of U.S. dollars) is ________.
A. downward-sloping because a lower dollar price of yen means U.S. goods are cheaper to the Japanese B. downward-sloping because a higher dollar price of yen means U.S. goods are cheaper to the Japanese C. upward-sloping because a lower dollar price of yen means U.S. goods are cheaper to the Japanese D. upward-sloping because a higher dollar price of yen means U.S. goods are cheaper to the Japanese
If the Federal Reserve raises or lowers interest rates too late, it could result in a ________ policy that destabilizes the economy
A) budgetary B) fiscal C) procyclical D) countercyclical
Money serves as all of the following EXCEPT
A) a medium of exchange. B) a unit of account. C) a store of value. D) a symbol that is made of or can be redeemed for a fixed amount of precious metal. E) a highly liquid asset.
Refer to the table below. If the attorney reviews 51 patents, what is the expected cost of infringement?
The above table shows the quantity of patents reviewed by a firm's attorney and the corresponding probability that the firm will infringe on another firm's patent. The cost of infringement is $50,000.
A) $50,000
B) $40,000
C) -$4,000
D) $4,000