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:

    Because they did not see merit where they should have seen it, people, to express their regret, will go and leave a lot of money to the very people who will be the first to throw stones at the next person who has anything to say and finds a difficulty in getting a hearing.
    Samuel Butler (1835–1902)

    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)

    When money disappears, we soon understand the power of absence.
    Mason Cooley (b. 1927)