An economy can effectively employ money as a unit of account only when its purchasing power is relatively stable because when it's not, buyers and sellers can't do what?
Establish the terms of trade clearly
An economy can effectively employ money as a unit of account only when its purchasing power is relatively stable because when it's not, buyers and sellers can't do what?
Multiple choice question.
Openly trade goods and services
Create fair agreements
Get government authorization to exchange
Establish the terms of trade clearly
1 answer
An economy can effectively employ money as a unit of account only when its purchasing power is relatively stable because when it's not, buyers and sellers can't do what?
Establish the terms of trade clearly