unit of account in a sentence
Examples
- It replaced the Gulden ( worth 60 Kreuzer ) as the chief unit of account.
- It is generally assumed that a good unit of account is one that is stable.
- All international trade would be denominated in its own unit of account, the proposed bancor.
- In economics, a standard unit of account is used for statistical purposes to describe economic activity.
- In 1537 it became the smallest Spanish unit of account, the thirty-fourth part of a real.
- It would rather be a unit of account used to track international flows of assets and liabilities.
- The ecu will therefore offer an attractive alternative as a store of value and unit of account.
- A "'gold standard "'is a economic unit of account is based on a fixed quantity of gold.
- Unit of measure and unit of account are sometimes treated as synonyms in financial accounting and economics.
- The unit of account, he said, might be a commodity standard, leaving central banks out of the equation.