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TAKE THE QUIZ“of account”
The following 4 entries include the term of account.
money of account
noun phrase: a denominator of value or basis of exchange which is used in keeping accounts and for which there may or may not be an equivalent coin or denomination of paper money
book of account
dollar of account
noun: the U.S. dollar reckoned on the London stock exchange at four shillings (instead of actual exchange value) for facility of calculation
unit of account
: a monetary unit or measure of value (as a coin) in terms of which accounts are kept and values stated