A basic function of money, providing a unit of measurement for defining, recording, and comparing value. That is, one dollar signifies not only a one-dollar bill, but also a dollar's worth of mon [..]

The money function in which money is used as the common benchmark to designate the prices of goods throughout the economy. Unit of account, or measure of value, means money is functioning as the measu [..]

Definition 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 wort [..]

A common measurement used to compare the value of goods and services.

A unit of account is a standard monetary unit of measurement used for describing the value of something. It can be used to determine the value, cost of goods, services, or assets. It contributes meani [..]

A benchmark against which to base the value of payments. It is a specially defined unit, rather than a real payment medium, used in international payments.

One of the functions of of money in many (but not all) money systems: the unit by which value is accounted and thus compared. For instance: if pears are at $3 per pound, while apples are at $2 per pou [..]

The money function in which money is used as the common benchmark to designate the prices of goods throughout the economy. Unit of account, or measure of value, means money is functioning as the measu [..]