The function of money known as "unit of account function" is performed when it serve as an instrument that allows for comparison of the relative worth of various goods and services.
What is a money?
It means the commodity that is accepted by general consent as a medium of economic exchange. It is also the medium in which prices and values are expressed.
When money serves as "unit of account function", it means it has provided a common yardstick to measure all these different units in a common denomination known as price.
Therefore, the function of money known as "unit of account function" is performed when it serve as an instrument that allows for comparison of the relative worth of various goods and services.
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