Money

Money

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can be considered money.

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Famous quotes containing the word money:

    Words are wise men’s counters, they do but reckon by them: but they are the money of fools.
    Thomas Hobbes (1588–1679)

    [France is] a country where the money falls apart but you can’t tear the toilet paper.
    Billy Wilder (b. 1906)

    You’re a dreamer, Doc. Too much money is bad for dreamers.
    —John Thomas Neville. Jean Yarborough. Henry Morton (Guy Usher)