Answered

Discover how IDNLearn.com can help you learn and grow with its extensive Q&A platform. Join our community to receive prompt and reliable responses to your questions from experienced professionals.

What does it mean to be a unit of account?

A. Any item that can be traded for another item.
B. Any item that maintains its worth over time.
C. The item is divisible and each unit is worth the same.
D. It serves as a valid currency.

Sagot :

GinnyAnsweridn

Final answer:

A unit of account serves as a standard numerical unit of measurement used to measure the value of goods and services.


Explanation:

Unit of Account is a standard numerical unit of measurement used to measure the value of goods, services, and transactions. It serves as a consistent means of keeping track of the worth of items and is a necessary component for commercial agreements involving debt. Money acts as a unit of account by providing a standard for measuring value and facilitating comparisons of different goods and services.


Learn more about Unit of Account here:

https://brainly.com/question/43981487


We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for trusting IDNLearn.com. We’re dedicated to providing accurate answers, so visit us again for more solutions.