Sentence examples for unit of account from inspiring English sources

There is no central bank that stands behind Bitcoin and if no-one is accountable …how can Bitcoin be regarded as a secure unit of account?

It has to be a unit of account.

Germany has recognised it as a "unit of account".

Entrepreneurs need money that is a meaningful unit of account and a reliable store of value.

Because Britain borrowed in its own currency, it had control over the unit of account.

The IMF uses the SDR as its unit of account for all transactions.

But it performs poorly as a unit of account and a store of value.

A medium of exchange, a unit of account and a store of value.

Creating a common unit of account for biodiversity and habitats is much more complicated.

History shows that this unit-of-account function of money has been separated from the other two, and to good purpose.

Regardless of your position here, one thing I feel is fair to say is that cryptocurrency presently lacks one element of money that we all have come to count on and expect, a balanced and stable 'unit of account.' A 'unit of account' is a term used in economics to describe a real value (or cost) of an economic item.