Author Question: How does money function as a unit of account? a. Money has intrinsic worth as a commodity. b. Money ... (Read 114 times)

laurencescou · **on:** Jun 30, 2018

How does money function as a unit of account?
a. Money has intrinsic worth as a commodity.
b. Money is convertible into commodities that have intrinsic worth.
c. The prices of all goods and services are measured in terms of money.
d. Things that function as money can do so because people know there is a standard of value that ultimately backs the money even if it is only faith.
e. Bank accounts make it easy for people to store their wealth.

Question 2

The antitrust legislation that was designed to help small stores survive competition with large retail chains was the:
a. FTC Act.
b. Sherman Antitrust Act.
c. Celler-Kefauver Act.
d. Robinson-Patman Act.
e. Clayton Act.