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. Français: Unité de compte Español: Unidad de cuenta
A widely agreed measure to reckon prices of goods and services and comparisons between goods and services.
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 worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.
a standard unit in which prices can be quoted and values of goods can be compared.
a standard numerical unit of measurement for the market value of goods, services, and other transactions
Money acts as a unit to place value on the goods and services we offer for sale. The sale price records that value. Accounting, the system of recording transactions, uses that 'unit of account'. In NZ we use dollars ($) to record that value.
The currency used to express the economic value of project inputs and outputs. Generally the currency of the country in which the project is located will be used as the unit of account. Occasionally an international currency may be used as the unit of account. Economic values using the domestic price numeraire can be expressed in either a domestic or international currency. Similarly, economic values using the world price numeraire can be expressed in either a domestic or international currency.
A trade term denoting the currency in which an import or export transaction is denominated.
A device designed to provide a consistent value with varying currencies. e.g. Euro and SDR.
