Question and answer
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.
Get an answer
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|

Question
Asked 8/31/2013 9:24:05 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
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)
Question
Expert Answered
Asked 8/31/2013 8:29:13 AM
0 Answers/Comments
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 8/31/2013 11:22:57 AM
1 Answer/Comment
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 11:22:57 AM
This answer has been added to the Weegy Knowledgebase
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 8/31/2013 11:25:06 AM
1 Answer/Comment
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 added to the Weegy Knowledgebase
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)
Question
Expert Answered
Asked 8/31/2013 11:15:31 AM
0 Answers/Comments
18,406,451 questions answered
Popular Conversations
3x + 1 User: Factor 25x 2 + 10x + 1.
Weegy: the answer is (1+5 x)^2 User: The length of a rectangle is 3 more than twice the width. The area of the ...
11/21/2014 9:59:24 AM| 4 Answers
Multiply 3X 1 1/4 User: subtract the fractions and simplify the ...
Weegy: 13/15 - 1/5 = 13/15 - 3/15 = 10/15 = 2/3 User: Divide the fractions and simplify the answer 60 divide by 2 2/3 ...
11/21/2014 8:14:33 PM| 3 Answers
Class C helmets are made of aluminum and do not provide protection ...
Weegy: Class C helmets are made of aluminum and do not provide protection from: Electrical hazards. (Class C ...
11/21/2014 1:44:29 AM| 2 Answers
Which pronoun agrees with the antecedent? Both carrots and sweet ...
Weegy: Both carrots and sweet potatoes get ITS color from beta-carotene.
11/21/2014 6:49:00 AM| 2 Answers
One weakness of the British army was fighting on foreign soil.
Weegy: One weakness of the British army was fighting on foreign soil. TRUE.
11/21/2014 7:22:57 AM| 2 Answers
What is translation?
11/21/2014 7:50:29 AM| 2 Answers
Which base is in RNA, but not in ...
11/21/2014 7:46:32 AM| 2 Answers
Identify the solution(s) of the system of equations, if any. -4x - 2y ...
Weegy: -4X-2y=12 -12X-6Y=36 X=(12+2Y)/-4 substitute x to second equation -12[(12+2Y)/-4]-6Y=36 36+6Y-6Y=36 0=0 ...
11/21/2014 9:54:31 AM| 2 Answers
What is the equation of the line that passes through (0, -2) and ...
Weegy: The equation of the line that passes through (0, -2) and has a slope of 0 is y = -2. User: Find two ...
11/21/2014 10:04:27 AM| 2 Answers
The principle of dominance states that a. all alleles are ...
Weegy: Every allele is a _ d. dominant or recessive _ allele. User: In pea plants, yellow peas are dominant over ...
11/21/2014 10:23:12 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2260 [Total 13971]| Ratings 10| Comments 2160| Invitations 0|Offline
S
L
Points 1255 [Total 3541]| Ratings 0| Comments 1255| Invitations 0|Offline
S
L
Points 686 [Total 1207]| Ratings 6| Comments 626| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 681 [Total 14055]| Ratings 0| Comments 681| Invitations 0|Offline
S
Points 421 [Total 453]| Ratings 1| Comments 411| Invitations 0|Offline
S
1
L
L
Points 211 [Total 6605]| Ratings 0| Comments 211| Invitations 0|Offline
S
L
Points 146 [Total 1442]| Ratings 3| Comments 116| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
S
Points 40 [Total 40]| Ratings 4| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.