In macroeconomics, a unit of account describes the common way in which market values are measured in an economy.
One of the money functions in economics is the unit of account. One common way to assess the market worth of products, services, and other transactions is with units of account. A unit of account, which is also referred to as a "measure" or "standard" of comparative worth and deferred payment, is a requirement before any business transactions involving debt may be created.
Money satisfies the three requirements of being divisible, fungible, and countable or measurable, which makes it a unit of account. In essence, this means that having money is practical.
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