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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 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 be applied to any currency worldwide, not only American dollars. ] (More)
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Asked 8/31/2013 8:29:13 AM
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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 standard usually does not involve the circulation of gold coins. The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that does use a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. Finally, the gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for circulating currency. ] User: 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 Weegy: The gold standard- A currency system in which each dollar is worth 1/20 of a pound of gold. (More)
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Asked 8/31/2013 11:15:31 AM
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