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:

    But it takes a lot of money to live freely by the sea.
    Albert Camus (1913–1960)

    If I were a Brazilian without land or money or the means to feed my children, I would be burning the rain forest too.
    Sting [Gordon Matthew Sumner] (b. 1951)

    Too many desires harm the mind; to desire much money harms the body.
    Chinese proverb.