unit of account
An item that measures the market value of something. In an economy, a unit of account is used to offer goods and services for sale, as well as to extend credit or denominate debts. The paper currencies traded against each other in the forex market are each the main accepted unit of account in their respective countries.
Browse by Subjects
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):