Unit of account

Unit of account,

Definition of Unit of account:

  1. 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?

  1. You need to break down the unit of account and figure out if you can change it in some way for the better.
  2. 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.
  3. 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