35. The unit of account A. is a type of accounting of how many currency units there are in an economy. B. is an accounting of the total units of goods and services produced in an economy C. is an agreed measure for stating the prices of goods and services in an economy. D. is a type of value stored within all assets.

Accounting

Question
35. The unit of account
A. is a type of accounting of how many currency units there are in an economy.
B. is an accounting of the total units of goods and services produced in an economy
C. is an agreed measure for stating the prices of goods and services in an economy.
D. is a type of value stored within all assets.
Answer

C. is an agreed measure for stating the prices of goods and services in an economy.

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The unit of account is an agreed measure for stating the prices of goods and services in an economy. It is used to measure the value of goods...
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