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MA
Question Practice

What is meant by the 'unit of account' function of money?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Money And Banking
Question Bank

What is meant by the 'unit of ...

Single Answer MCQ
Q-00089012

What is meant by the 'unit of account' function of money?

1

Money can serve as a medium of exchange.

2

Money provides a universal measure of value.

3

Money allows for the storage of purchasing power.

4

Money facilitates deferred payments.

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Q4.

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