unit of account
money of account

Unlike money, credit itself cannot act as a unit of account.

The mark was a currency or unit of account in many nations.

Currencies used as a unit of account to price oil in the international market.

For economists and political analysts, it is the only unit of account.

A fundamental economic problem may be that we now have only one unit of account, the dollar.

But one unit of account may be insufficient for all these functions.

Gold used to be a second unit of account with different functions from currency.

It is possible that even more units of account might be useful for economic problems other than the trade deficit.

Further, materiality is determined at the unit of account level.

The currency uses only coins as the units of account.

Because Britain borrowed in its own currency, it had control over the unit of account.

They also performed the function of money as a unit of account.

The basic unit of account is an hour of service to an elderly person.

It is a unit of account frequently used for digital gold currencies.

However, in modern societies credit is usually denominated by a unit of account.

Various European currency baskets were used as units of account in international bond markets.

In economics, a standard unit of account is used for statistical purposes to describe economic activity.

It remained a unit of account until 1777.

The pataca was introduced in 1894 as a unit of account.

It would rather be a unit of account used to track international flows of wealth.

Coins could be counterfeited, but they also created a new unit of account, which helped lead to banking.

The suggested import-export chits would likewise be a second unit of account.

In England the "mark" never appeared as a coin, but was only used as a unit of account.

Entrepreneurs need money that is a meaningful unit of account and a reliable store of value.

The unit of account, he said, might be a commodity standard, leaving central banks out of the equation.

Both these banks established a stable money of account.

The gold maravedí had disappeared as a money of account by 1300.

The maravedí remained a money of account in Spain until 1847.

(25) The discrepancy between money of account and currency in circulation led to financial chaos.

The name remained in use thereafter solely as a money of account, divided into 24 keratia.

Its value was set as one livre tournois (a money of account).

It was discontinued after 1092, except as a money of account equal to of the nomisma.

The debasement of currency added to the problem, since most debts were arranged in terms of money of account.

This would be in keeping with the practice of rendering lease agreements in terms of money of account.

It was specified that the "money of account" of the United States should be expressed in those same "dollars" or parts thereof.

The silver maravedí money of account represented (according to one interpretation) about 22 g of silver in 1258.

The sous tournoisis a money of account, like the livre tournois.

The hyperpyron remained in regular issue and circulation until the 1350s, remaining in use thereafter only as a money of account.

When the value of the currency fell greatly in relation to the money of account, repayment of debts was more costly in real terms.

The East African shilling became the money of account on 1 July 1942; it eventually became the sole legal tender and remained so until 1945.

(Figures cited in the following section are given in livre tournois, the standard "money of account" used in the period.

The livre was a money of account, only: there was no actual livre coin in d'Artagnan's day.

The red złoty was different from the Polish złoty proper, which was the money of account adopted during Alexander's reign in 1496.

However, the gold content of the florin did not change while the money of account continued to inflate; by 1500, a florin was worth seven Florentine lire.

The monetary crisis led France to abandon (in 1577) the livre as its money of account, in favor of the écu in circulation, and banning most foreign currencies.

According to Marx's theory of money, the money-form of value (whether bullion, coinage, paper or money of account) fulfills a number of social functions at the same time:

Royal Decree of 27th July 1887 establishes the franc as the money of account for the Independent State of Congo, and Burundi is included as well.

On July 27, 1887, he issued a royal decree that established the Franc as the money of account for the Congo Free State, and for Rwanda and Burundi.

In the United States, the term was first used by the Continental Congress in 1786, being described as the "lowest money of account, of which 1000 shall be equal to the federal dollar."

Its value in money of account was one livre tournois, just like the franc à cheval, and this coin is universally known as a franc à pied.