Definition of Money of account

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TeachMeFinance.com - explain Money of account




historic definition...

Money of account -- The money in which people keep their accounts in which they reckon their transactions. It has been described as the money in which people do their thinking.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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