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 ... en.wikipedia.org
When an indexed unit of account is used in contracts, payments are indexed to the price level in such a way that changes in the inflation rate have no effect on ... en.wikipedia.org
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. www.businessdictionary.com
Apr 25, 2012 ... A unit of account is a standardized unit used to describe the value of something. Currencies are often used as units of account... www.wisegeek.com
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