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:

    Seeing is believing, and if an American success is to count for anything in the world it must be clothed in the raiment of property. As often as not it isn’t the money itself that means anything; it is the use of money as the currency of the soul.
    Lewis H. Lapham (b. 1935)

    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 have defeated them all.... I was left with some money to battle with the world when quite young, and at the present time have much to feel proud of.... The Lord gave me talent, and I know I have done good with it.... For my brains have made me quite independent and without the help of any man.
    Harriet A. Brown, U.S. inventor and educator. As quoted in Feminine Ingenuity, ch. 8, by Anne L. MacDonald (1992)