The concept of money as a "unit of account" involves the use of money to
A)speed transactions.
B)reduce shopping time.
C)protect against inflation.
D)quote prices.

Question

Quizplus · Accepted Answer

Money is used as a unit of account to quote prices, that is to measure the value of goods and services consistently in terms of a common monetary unit, such as dollars or euros. This facilitates transactions and comparisons between goods and services.

The Concept of Money as a "Unit of Account" Involves