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:
“His hands make money outside; his spouse saves money at home.”
—Chinese proverb.
“I pray we are still a young and courageous nation, that we have not grown so old and so fat and so prosperous that all we can think about is to sit back with our arms around our money bags. If we choose to do that I have no doubt that the smoldering fires will burst into flame and consume us—dollars and all.”
—Lyndon Baines Johnson (1908–1973)
“Wealth, howsoever got, in England makes
Lords of mechanics, gentlemen of rakes;
Antiquity and birth are needless here;
‘Tis impudence and money makes a peer.”
—Daniel Defoe (1660–1731)