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What is unit of account?

A standard monetary unit of measurement of the value of goods and services. Example: money


What is an example of equilibrium?

The amount of money in a bank account never changes.


what are the functions of money?

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The function of money that enables prices of goods and services to be quoted is called?

Unit of Account


Money serves as a standard to place value on goods and services what is created?

unit of account


What does monentary unit mean?

what they call money in that country for example: in Iran their money is called toman got it


Which of these describes a time deposit?

Money in a savings account is an example of a time deposit.


What is an example of interest-bearing account?

An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.


What are the three functions of money?

Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.


What the three functions of money?

Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account.


What kind of an account is a merchant account?

A merchant account is an bank account used for transferring money, involving business transactions. For example, a merchant account can be linked with Paypal, which can be used on eBay for business.


What is an example of a high money market?

An example of a high money market account will have a high interest rate and presumably make a lot of money for the owner of the account. One bank which claims to offer high yield or high paying money market accounts is Ally Bank; another is Capital One.

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