Money : Unit of Account
Account means keeping track of something.Money is used as an medium of exchange by virtue of which nearly every good and service has an exchange rate in units of money called price.Due to which money is used as an unit to account for wealth, debts and other financial aspects. An account allows us to track progress by comparing accounts over two time periods, also allows governments to calculate taxes and wealth of individual, firms. A unit of account to allow for comparision over different time periods has to keep its value relatively stable which is an important characteristic of money.