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:
“It is said the city was spared a golden-oak period because its residents, lacking money to buy the popular atrocities of the nineties, necessarily clung to their rosewood and mahogany.”
—Administration in the State of Sout, U.S. public relief program (1935-1943)
“Is money money or isn’t money money. Everybody who earns
it and spends it every day in order to live knows
that money is money, anybody who votes it to be
gathered in as taxes knows money is not money. That
is what makes everybody go crazy.... When you earn
money and spend money every day anybody can know the
difference between a million and three. But when you
vote money away there really is not any difference
between a million and three.”
—Gertrude Stein (1874–1946)
“I would gladly chastise those who represent things as different from what they are. Those who steal property or make counterfeit money are punished, and those ought to be still more severely dealt with who steal away or falsify the good name of a prince.”
—Elizabeth I (1533–1603)