Money is vitally important in our modern economy and serves several important
functions. In this lesson, you'll learn about the role of money as a unit of account ...
Definition of unit of account: A basic function of money, providing a unit of
measurement for defining, recording, and comparing value. I.e., one dollar...
The second function of money, as a unit of account, is rather obvious, but you
may never have considered it before. When you walk into a restaurant, the menu
Unit of Account – Prices are quoted in terms of money rather than other goods.
For example, the price of a gallon of milk will be quoted as $1.59/gallon rather ...
A unit of account is a standard monetary unit of measurement used for describing
the value of something. It can be used to determine the value, cost of goods, ...
as a medium of exchange.1 In contrast, the use of money as a unit of account for
...... Definition 1, and in particular which units of accounts will be used to specify.
www.merriam-webster.com/dictionary/unit of account
Define unit of account: a monetary unit or measure of value (as a coin) in terms of
which accounts are kept and values stated.
unit of account meaning, definition, what is unit of account: the money used in
accounts, etc. for a particular purpose: . Learn more.
define a global monetary unit of account that is closer to a mone- tary constant
than ... Money is traditionally defined as a medium of exchange, a unit of account
www.thefreedictionary.com/unit of account
Define unit of account. unit of account synonyms, unit of account pronunciation,
unit of account translation, English dictionary definition of unit of account. n 1.