A basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.
Related information about unit of account:
- Unit of account - Wikipedia, the free encyclopedia
A unit of account is a standard monetary unit of measurement of value/cost of goods, services, or assets. It is one of three well-known functions of money. It lends ...
- What is unit of account? - BusinessDictionary.com
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.
- What is a Unit Of Account?
A unit of account is a standardized unit used to describe the value of something. Currencies are often used as units of account...
- unit of account - The Free Dictionary
(Economics) Economics the function of money that enables the user to keep accounts, value transactions, etc. 2. (Economics) a monetary denomination used for ...
- What is unit of account? definition and meaning - InvestorWords.com
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 signifies not ...
- Unit of account - AmosWEB
Unit of account, or measure of value, means money is functioning as the measuring unit for prices. In other words, prices of goods are stated in terms of the ...
- Unit of account | Define Unit of account at Dictionary.com
unit of account. —n. 1. economics the function of money that enables the user to keep accounts, value transactions, etc. 2. Also called (esp US and Canadian): ...
- Unit of account - Merriam-Webster Online
a monetary unit or measure of value (as a coin) in terms of which accounts are kept and values stated. This word doesn't usually appear in our free dictionary, ...