Explain the ‘Unit of Account’ function of money? Money And Bank Economics Class 12 CBSE Value Based Questions Chetan Jul 19, 2020 1 Answers
Answers
Arpit Panchal
The ‘Unit of Account’ function of money is also called the ‘measure of value’ function. Money as a unit of account means a standard unit for quoting prices. It makes money a powerful medium of comparing prices of goods and services.