Which is an example of money as a unit of account?
a. purchasing a toy for $8.99
b. lending a friend $25.00
c. opening a savings account at a bank
d. checking the price of a camera at several stores before buying it at the lowest price
Ans: d. checking the price of a camera at several stores before buying it at the lowest price
Economics
You might also like to view...
The value in one year of $25 invested today at an annual interest rate of 5 percent will be
A) $25.00. B) $26.25. C) $27.50. D) $30.00.
Economics
For a perfectly competitive firm, at profit maximization
A) production must occur where average cost is minimized. B) market price exceeds marginal cost. C) total revenue is maximized. D) marginal revenue equals marginal cost.
Economics