The correct answer is option 1: Both a and b are true.
Explanation:
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a) The problem of how much of good A to be exchanged for 1 unit of good B is solved by the function of unit of account of money. This is true. The unit of account function of money provides a standard measure for pricing goods and services, allowing for easy comparison and calculation of how much of one good is worth in terms of another.
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b) Universal acceptability makes money highly exchangeable. This is also true. Universal acceptability means that money is widely accepted in exchange for goods and services, which enhances its liquidity and ease of use for transactions.
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