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What impact does inflation have on the monetary unit assumption?
Inflation has a lot of impact on monetary unit assumption. Inflation greatly reduces the value of a monetary unit and acts as a hidden tax on consumers.
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.
Why is the monetary unit of the Philippine called peso?
The simple answer is that it used to be a colony of Spain and used the Spanish monetary unit which is the Peso as well. In the early 1900's the U.S.A. took control of the Philippines and established the unit of currency as a "gold peso" which was supposed to be 1/2 the value of a U.S. Dollar. The Japanese occupied for a while as well, but the Peso has stuck as the monetary unit
What is the Chinese monetary unit called?
Chinese monetary unit - the monetary unit in the People's Republic of China monetary unit - a unit of money kwai, yuan - the basic unit of money in China jiao - 10 jiao equal 1 yuan in China fen - 100 fen equal 1 yuan in China
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
What is the English monetary unit?
The English monetary unit is the pound sterling (£).
What impact does inflation have on the monetary unit assumption?
Inflation has a lot of impact on monetary unit assumption. Inflation greatly reduces the value of a monetary unit and acts as a hidden tax on consumers.
What element form the periodic table has the highest monetary value per unit?
Currently, the element with the highest monetary value per unit is usually considered to be rhodium. Rhodium is a rare and precious metal, and its price can fluctuate significantly due to its use in catalytic converters in vehicles and other industrial applications.
What is unit of account?
A standard monetary unit of measurement of the value of goods and services. Example: money
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.
What is the monetary unit for Fiji?
FJD is the monetary unit for Fiji.
What is the monetary unit in Columbia?
Monetary unit: Colombian Peso
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.
What was UK monetary unit in 1939?
Monetary unit: Pound sterling
What is monetary unit of Thailand?
The baht or satang is the monetary unit for Thailand.
What is monetary unit of Morocco?
The monetary unit of morocco is called a Moroccan Dirham.
What is name of former monetary unit of Finland?
what is the former monetary unit of finland
