unit of account



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.

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

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

    17 people found this helpful
Show more usage examples...


Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z