Unit of account
Nominal monetary unit used to measure, define, record, and compare value
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The most common units of account in the world today used for international transactions are the US Dollar and the EuroEuro.
Being a unit of account is a basic function of currency. The existence of a common unit of account shared by separate groups or individuals is useful for facilitating trade between them, as it provides a means of clearly measuring the relative valuerelative value of the commodities being exchanged.
Unit of account
Nominal monetary unit ofused to measure, ordefine, currencyrecord, usedand tocompare value
A unit of account is a fundamental monetary unit used to measure value, making it possible to compare the values of various unrelated commodities.
Being a unit of account is a basic function of currency. The existence of a common unit of account shared by separate groups or individuals is useful for facilitating trade between them, as it provides a means of clearly measuring the relative value of the commodities being exchanged.
The most common units of account in the world today used for international transactions are the US Dollar and the Euro.
Unit of account
Nominal monetary unit used to measure, define, record, and compare value
Unit of account
Nominal monetary unit of measure or currency used to value
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