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We say that money is a store of value because it represents: A. a certain amount of purchasing power held over time. We say that money is a medium of exchange because it represents: B. something you can use to purchase goods and services. We say that money is a unit of account because it represents: D. a standard unit of comparison.
Though the basis of the definition of the units has changed over time, the relationship between units is the same: The above breaks a day down to the base unit of seconds. Below are some of the larger measurements of time: Above is the definition of a day as a unit of time. However, the term is commonly used in other ways. Some examples include:
Which of the following is measured as a flow per unit of time? In Brazil, a country that underwent rapid inflation before 1994, many transactions were conducted in dollars rather than in reals, the domestic currency. During this period, the US dollar serves what property or properties in Brazil?
A day, with symbol d, is defined using SI units as 86,400 seconds; the second is the base unit of time in SI units. In 1967–68, during the 13th CGPM (Resolution 1), [ 14 ] the International Bureau of Weights and Measures (BIPM) redefined a second as "the duration of 9,192,631,770 periods of the radiation corresponding to the transition ...
A unit of time is any particular time interval, used as a standard way of measuring or expressing duration. The base unit of time in the International System of Units (SI), and by extension most of the Western world , is the second , defined as about 9 billion oscillations of the caesium atom.
Second, minute, hour, day, week, month and year are the units of time. These have the following relations between each: 60 seconds = 1 minute or 1 minute = 60 seconds 60 minutes = 1 hour or 1 hour = 60 minutes
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Money is A) anything that is generally accepted in payment for goods and services or in the repayment of debt. B) a flow of earnings per unit of time. C) the total collection of pieces of property that are a store of value. D) always based on a precious metal like gold or silver.
