unit of account

  

Definition

Unit by which value of a thing is accounted and compared. It is one of the primary functions of money.

Use unit of account in a sentence

  • 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.

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  • The unit of account was an example of the quantification of our value in the marketplace as the goods and services were exchanged.

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

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