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.
Read more about Money.
Famous quotes containing the word money:
“I am willing, for a money consideration, to test this physical strength, this nervous force, and muscular power with which I’ve been gifted, to show that they will bear a certain strain. If I break down, if my brain gives way under want of sleep, my heart ceases to respond to the calls made on my circulatory system, or the surcharged veins of my extremities burst—if, in short, I fall helpless, or it may be, dead on the track, then I lose my money.”
—Ada Anderson (1860–?)
“If all the rich men in the world divided up their money amongst themselves, there wouldn’t be enough to go round.”
—Christina Stead (1902–1983)
“For words are wise men’s counters, they do but reckon by them; but they are the money of fools, that value them by the authority of an Aristotle, a Cicero, or a Thomas, or any other doctor whatsoever, if but a man.”
—Thomas Hobbes (1579–1688)