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Topical Terminology > Unit Of Account



1 Definition

Unit Of Account

For Unit Of Account we have a term and definition in International Economics.



Unit Of Account (International Economics)

A basic function of money, providing a unit of measurement for defining, recording, and comparing value. I.e., one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.




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