Asked by Hebrews Campbell on May 06, 2024
Verified
Marc puts prices on surfboards and skateboards at his sporting goods store. He is using money as a unit of account.
Unit Of Account
The yardstick people use to post prices and record debts.
- Comprehend the functions of money, including as a unit of account, medium of exchange, and store of value.
Verified Answer
DC
Dayana CardonaMay 07, 2024
Final Answer :
True
Explanation :
Using money to assign prices to goods, such as surfboards and skateboards, is an example of money serving as a unit of account, which helps to measure and compare the value of goods and services.
Learning Objectives
- Comprehend the functions of money, including as a unit of account, medium of exchange, and store of value.