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单词 unit of account
释义
unit of account

Economics
  • A standard monetary unit to measure the costs of goods and services. One of the roles of money is to be the unit in which contracts are expressed and individual incomes or firms’ profits are measured. High and fluctuating rates of inflation interfere with the performance of money as a unit of account, which is believed to be bad for the efficient and equitable running of the economy.


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