Which of the following correctly defines money as a unit of account?
a. it determines whether a good has value.
b. it is determined to be legal by the person in possession of it.
c. it provides a means for comparing the values of goods and services.
d. it does not retain its value when saved instead of spent.
The correct answer to this question is letter "c. it provides a means for comparing the values of goods and services." The statement that correctly defines money as a unit of account is that it provides a means for comparing the values of goods and services.
