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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.
Which of the following correctly defines money as a unit of account? c. It provides a means for comparing the values of goods and services.
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User: money that has value because the government has ordered that it is an acceptable means to pay debts

User: 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.

Weegy: Which of the following correctly defines money as a unit of account? c. It provides a means for comparing the values of goods and services.
Expert answered|alfred123|Points 3429|

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Asked 328 days ago|8/31/2013 9:24:05 AM
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All of the following are reasons for declining union membership EXCEPT a. many employers have made a determined effort to keep unions out of their businesses. b. many new workers are second-income earners who tend to accept lower wages. c. unions ceased to improve working conditions for their members. d. the expense of union-made goods has hurt sales and led to lay-offs.
Weegy: All of the following are reasons for declining union membership EXCEPT c. unions ceased to improve working conditions for their members. User: constant dollars Weegy: The term constant dollars refers to a metric for valuing the price of something over time, without that metric changing due to inflation or deflation. The term specifically refers to dollars whose present value is linked to a given year. [ (The principle, of course, can ... (More)
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Asked 328 days ago|8/31/2013 8:29:13 AM
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What is the gold standard? a. A system that uses actual gold coins as a country’s money. b. A system in which a country’s money is backed with gold. c. A currency system in which each dollar is worth 1/20 of a pound of gold. d. A money system in which the paper currency is good in more than one country
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Updated 328 days ago|8/31/2013 11:22:57 AM
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What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 328 days ago|8/31/2013 11:22:57 AM
What is the gold standard? a. A system that uses actual gold coins as a country’s money. b. A system in which a country’s money is backed with gold. c. A currency system in which each dollar is worth 1/20 of a pound of gold. d. A money system in which the paper currency is good in more than one country
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Updated 328 days ago|8/31/2013 11:25:06 AM
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What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 328 days ago|8/31/2013 11:25:06 AM
Before the Civil War, government currency was backed by copper
Weegy: The gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Three types of gold standards may be distinguished.[citation needed] In the gold specie standard the monetary unit is [ associated with the value of circulating gold coins or the monetary unit has the value of a certain circulating gold coin, but other coins may be made of less valuable metal. The gold exchange ... (More)
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Asked 328 days ago|8/31/2013 11:15:31 AM
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