What is the "unit of account" function of money?
A) a common measurement of the relative value of different goods and services
B) the ability of money to hold value over time
C) the quality of money not to be hoarded because of its commodity value
D) the function of money to be widely accepted I exchange for goods and services

Question

Quizplus · Accepted Answer

The "unit of account" function of money refers to its ability to be a common measurement of the relative value of different goods and services. This means that money acts as a standard unit that can be used to compare the value of various products and services, allowing for easy exchange and trade.

What Is the "Unit of Account" Function of Money