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Money as a Unit of Account: Definition, Function & Example - Video ...


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 ...

What is Unit Of Account? definition and meaning - InvestorWords


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...

SparkNotes: Money: Money


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  ...

Monetary Economics 1: money as a good | Good Morning, Economics


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 ...

Unit of Account Law & Legal Definition


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, ...

Money as a Unit of Account - Northwestern University


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.

Unit Of Account | Definition of Unit Of Account by Merriam-Webster

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 in the Cambridge English Dictionary


unit of account meaning, definition, what is unit of account: the money used in accounts, etc. for a particular purpose: . Learn more.

A Constant Unit of Account - Cato Institute


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  ...

Unit of account - definition of unit of account by The Free Dictionary

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.

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 »
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What is unit of account? definition and meaning ...


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.

Unit of account | Define Unit of account at Dictionary.com


Unit of account definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Look it up now!

THE UNIT OF ACCOUNT ISSUE - Financial Accounting


We focus in this paper on the definition and recognition aspects. The first references to the unit of account problem that we identified date to the middle. 1960s.