Unit of account
A unit of account in economics is a nominal monetary unit of measure or currency
used to value/cost goods, services, assets, liabilities, income, expenses; i.e., ... More »
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: Unit by which value of a thing is accounted and
compared. It is one of the primary functions of money.
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...
(economics) the function of money that enables the user to keep accounts, value
transactions, etc. 2. Also called (esp US and Canadian) money of account. a ...
www.thefreedictionary.com/unit of account
(Economics) economics the function of money that enables the user to keep
accounts, value transactions, etc. 2. (Economics) a monetary denomination used
www.merriam-webster.com/dictionary/unit of account
a monetary unit or measure of value (as a coin) in terms of which accounts are
kept and values stated. ADVERTISEMENT ...
unit of account meaning, definition, what is unit of account: the money used in
accounts, etc. for a particular purpose: . Learn more.
Definition of “unit of account” | The official Collins English Dictionary online.
Comprehensive and authoritative, rely on Collins for up-to-date English with
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, ...