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Is the following statement true or false? Give reasons to support your answer. Money acts as a unit of account. - Economics

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Question

Is the following statement true or false? Give reasons to support your answer.

Money acts as a unit of account.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is true.

Explanation:

Yes, money is a unit of account that is used to measure and express the worth of all products and services.

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Chapter 6: Meaning and Functions of Money - Exercise [Page 133]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 6 Meaning and Functions of Money
Exercise | Q 7. (d) | Page 133
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