Answered

Get expert advice and insights on any topic with IDNLearn.com. Get the information you need from our experts, who provide reliable and detailed answers to all your questions.

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


Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and see you next time for more reliable information.