Economics · Money and Banking
Which of the following identifies the 'unit of account' function of money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Money provides perfect liquidity.
- 2Money allows the postponement of consumption.
- 3Money facilitates the exchange of goods and services.
- 4Money is a convenient means of measurement.✓
Correct answer
Money is a convenient means of measurement.
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