A unit of account
A) is a type of accounting of how many currency units there are in an economy.
B) is an accounting of the total units of goods and services produced in an economy.
C) is an agreed measure for stating the prices of goods and services in an economy.
D) is a type of value stored within all assets.

Question

Quizplus · Accepted Answer

A unit of account is a standard numerical unit of measurement of the market value of goods, services, and other transactions. It allows for a meaningful interpretation of prices, costs, and profits, enabling participants to compare the value of goods and services.

A Unit of Account