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

How do molecules move as a solid, liquid, and gas?
Consider the following incomplete deposit ticket. What was the subtotal of Rachel’s deposit? a. $1,145.39 b. $746.23 c. $399.16 d. $1,075.95 Please select the b
PLZ HELP!!! What does the word:Tectonic" refer to and Earth's crust is divided to how many plates?
How do I begin to solve this equation? I’m trying to understand the basics of math and I need some help. I’m not looking for the answer but how to be able to so
Answerrr plz plz plz plz plz plz plz plz plz
which techniques have farmers used for centuries to produce animals more suitable to their needs? A.genetic engineering B.selective breeding C.creating mutati
how does mass differ from weight ​
Bolsa says he has major idea what is his idea for finding William
how do i solve this​
Which of the following does not change when a car keeps a constant speed but change In direction. A. Speed B. Velocity C.acceleration D.distance