Instruments
A contract regarding any combination of capital assets is called a financial instrument, and may serve as a
- medium of exchange,
- standard of deferred payment,
- unit of account, or
- store of value.
Most indigenous forms of money (wampum, shells, tally sticks and such) and the modern fiat money is only a "symbolic" storage of value and not a real storage of value like commodity money.
Read more about this topic: Financial Capital
Famous quotes containing the word instruments:
“The universe appears to me like an immense, inexorable torture-garden.... Passions, greed, hatred, and lies; law, social institutions, justice, love, glory, heroism, and religion: these are its monstrous flowers and its hideous instruments of eternal human suffering.”
—Octave Mirbeau (1850–1917)
“Being the dependents of the general government, and looking to its treasury as the source of all their emoluments, the state officers, under whatever names they might pass and by whatever forms their duties might be prescribed, would in effect be the mere stipendiaries and instruments of the central power.”
—Andrew Jackson (1767–1845)
“We are all instruments endowed with feeling and memory. Our senses are so many strings that are struck by surrounding objects and that also frequently strike themselves.”
—Denis Diderot (1713–84)