Comparing how many dollars it takes to attend college each year to annual earnings on a job represents the use of money as a
a. medium of exchange
b. unit of account
c. store of value
d. store of coincidence

Respuesta :

The usage of money as a unit of account can be shown in the comparison of annual earnings at a job against the cost of attending college. The correct response is option (b).

What do you mean by unit of account?

The unit of account is one of money's roles in economics. A unit of account, or common numerical monetary unit, is used to measure the market value of goods, services, and other transactions.

Similar to money, a unit of account is a category of assets in an economy that can be used to exchange goods and services. Money is fungible in the sense that each unit is regarded as being similar to every other unit. Money is able to keep track of how much something is worth throughout time and across many transactions.

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