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:
“You are much surer that you are doing good when you pay money to those who work, as the recompense of their labour, than when you give money merely in charity.”
—Samuel Johnson (1709–1784)
“Of course, money will do after its kind, and will steadily work to unspiritualize and unchurch the people to whom it was bequeathed.”
—Ralph Waldo Emerson (1803–1882)
“Put not your trust in money, but put your money in trust.”
—Oliver Wendell Holmes, Sr. (1809–1894)