Which of the following is an example of money functioning as a unit of account?
A) Bank of America charging 7 percent on an auto loan.
B) Pepsi charging $1 for a can of soda.
C) eBay using PayPal as a method of payment.
D) Your writing a check at Target to pay for new clothes.
B
You might also like to view...
In the figure above, a price of $15 per dozen roses results in
A) a shortage. B) a surplus. C) equilibrium. D) downward pressure on the price of roses. E) an eventual leftward shift of the demand curve and/or rightward shift of the supply curve.
Gross domestic product
A) includes all the goods and none of the services produced in an economy in a given time period. B) measures the value of the aggregate production of goods and services in a country during a given time period. C) measures the value of labor payments generated in an economy in a given time period. D) is generally less than federal expenditure in any time period.