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Q: 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.
A: 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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Original conversation
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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Questions asked by the same visitor
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
Question
Not Answered
Updated 10/4/2016 9:18:40 AM
2 Answers/Comments
What is the gold standard?
Answer: c. A currency system in which each dollar is worth 1/20 of a pound of gold.
Added 8/31/2013 11:25:06 AM
This answer has been flagged as incorrect.
Flagged by kiara07 [10/4/2016 9:18:39 AM]
The gold standard is a system in which a country’s money is backed with gold.

Added 10/4/2016 9:18:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [10/5/2016 10:13:19 AM]
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