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

Why are plants green?
Which of these instruments has the highest range? -cello-French horn-flute-timpani
In the coordinate plane, a circle has center (2,−3) and passes through the point (5,0). what is the area of the circle?
Need help with this hw please help
Estimate how far apart the rays of deepest red and deepest violet light are as they exit the bottom surface. assume nred = 1.57 and nviolet = 1.60.
What are the supplementary angels?
What did karl marx believe would happen in a true communist economy?
Who was the most successful of the absolute monarchs.
OFFERING ALL MY POINTS PLEASE HELP!!!!!! The ABO blood group has three different alleles: IA, IB, and i. The genotypes and phenotypes (blood types) for differen
The word correlation is often used as a synonym for ________.