Question

money as a ____________ allows people to compare values of goods and services in relation to one another. * 5 points
○ store of value
○ unit of accounting
○ medium of exchange

the ____________ meets eight times a year to decide the course of action that the fed should take to control the money supply. * 5 points
○ federal advisory council
○ federal open market committee
○ board of governors

Explanation:

1. For the first question: The function of money that lets people compare the relative values of goods and services is its role as a unit of accounting. A store of value refers to preserving purchasing power over time, and a medium of exchange is using money to buy/sell goods.
2. For the second question: The Federal Open Market Committee (FOMC) is the body that meets eight times annually to set Federal Reserve policies for controlling the money supply. The Federal Advisory Council provides advice, and the Board of Governors oversees the Fed but does not meet this specific schedule for this purpose.

Answer:

1. Unit of Accounting
2. Federal Open Market Committee