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.
How to use Unit of account in a sentence?
- You need to break down the unit of account and figure out if you can change it in some way for the better.
- They needed a unit of account , so Josh and Sarah collected small rocks, keeping track of who owed whom what using the rocks as measurements.
- The unit of account was an example of the quantification of our value in the marketplace as the goods and services were exchanged.
Meaning of Unit of account & Unit of account Definition