11. It replaced the Gulden ( worth 60 Kreuzer ) as the chief unit of account . 12. It is generally assumed that a good unit of account is one that is stable. 13. All international trade would be denominated in its own unit of account , the proposed bancor. 14. In economics, a standard unit of account is used for statistical purposes to describe economic activity. 15. In 1537 it became the smallest Spanish unit of account , the thirty-fourth part of a real. 16. It would rather be a unit of account used to track international flows of assets and liabilities. 17. The ecu will therefore offer an attractive alternative as a store of value and unit of account . 18. A "'gold standard "'is a economic unit of account is based on a fixed quantity of gold. 19. Unit of measure and unit of account are sometimes treated as synonyms in financial accounting and economics. 20. The unit of account , he said, might be a commodity standard, leaving central banks out of the equation.
