# Unit of account | ![img \|150](https://upload.wikimedia.org/wikipedia/commons/thumb/e/e6/Ledger.png/320px-Ledger.png) | In economics, **Unit of account** is one of the functions of money. A unit of account is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt. | |-|-| | | wikipedia:: [Unit of account](https://en.wikipedia.org/wiki/Unit_of_account) | [[Money]] a common/standard measure of value One of the three accepted functions of [[Money]]