skullcandy9193 skullcandy9193
  • 03-07-2021
  • Business
contestada

Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:

Respuesta :

topeadeniran2 topeadeniran2
  • 04-07-2021

Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

Answer Link

Otras preguntas

write words to match the expression. 24- ( 6+3)
If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?
which city was located nearest the nile river delta
write words to match the expression. 24- ( 6+3)
If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?
Which two numbers have a difference of 5 and a product of 3.36???
Which two numbers have a difference of 5 and a product of 3.36???
which city was located nearest the nile river delta
what other areas beside egypt did the new kingdom pharoahs conquer
If you are writing a persuasive essay in favor of banning vending machines in schools, which is a counterargument you might anticipate?