money of account
money of account money of account, a denomination of value used in keeping accounts, for which there may, or may not, be an equivalent coin; e. g., the mill is a money of account in the united states, but not a coin... see money | ||||
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Money of account Definition from Encyclopedia Dictionaries & Glossaries
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Money of account
The money of account is the monetary unit in which accounts are kept, which is not necessarily linked to actual currency.
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