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What functon of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured?
Money as a measure of value is the function of money.
This function of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured.?
standard of valueThe function of money as a measure of value.
England's monetary unit?
The monetary unit which is used in England is the British pound. The Royal Mint produces the pound and is used in all territories.
What is mean by Monetary Unit mean?
Dollars cents drachmas euros and rubles are all monetary units.
What is monetary unit principle as it relates to Accounting?
The Monetary unit principle states that all items must be recorded and reported in monetary terms, i.e. in the currency of the country of location where reports are being prepared and ultimately used.
Basic Monetary unit of Brazil?
The "real" (pronounced like: "hay-all") is now the basic monetary unit. It is to Brazil what the dollar is to America (although the value is not the same). Brazil's money is worth less than America's.
What is monetary convention?
Monetary convention is the convention that specifies that: All transactions must be recorded in money terms, and all transactions must be recorded in the currency of the country where the transaction was performed.
The monetary unit of a country serves as a unit in which the value of all goods and services can be measured?
s. Gross domestic product
Is the state of Oaxaca north or south of the equator?
The state of Oaxaca, as well as all of the country of Mexico are north of the Equator. The southernmost point in Oaxaca (Santa Maria Tonameca, whose coordinates are 15.657478, -96.556515) is 1,743 kilometers (1,083 miles) north of the Equator.
What about albanian money?
The unit of currency in Albaniais the lek (ALL)
What is Germany's current monetary unit?
Germany's current monetary unit is the Euro ... there are also 1, 2, 5, 10, 20 and 50 cent coins.
What is the importance of a monetary standard?
A monetary standard is what gives money value. Paper or coin currency has no inherent value; its value comes from the standard backing it up. For example, the monetary system in the United States runs on a gold standard. This means that all the money and commerce in the United States can be backed up with the gold the United States possesses. The monetary standard is important in that it allows the economy to function and for goods and servies to be bought and sold.
