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Store of Value - Explained

What is a Store of Value?

Written by Jason Gordon

Updated at March 29th, 2023

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What is a Unit of Account?

Third, money serves as a unit of account,  which means that it is the ruler by which we measure values. For example, an accountant may charge $100 to file your tax return. That $100 can purchase two pair of shoes at $50 a pair. Money acts as a common denominator, an accounting method that simplifies thinking about trade-offs.

Back to:ECONOMIC ANALYSIS & MONETARY POLICY

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