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:

    There is some ill a-brewing towards my rest,
    For I did dream of money bags tonight.
    William Shakespeare (1564–1616)

    To-day ... when material prosperity and well earned ease and luxury are assured facts from a national standpoint, woman’s work and woman’s influence are needed as never before; needed to bring a heart power into this money getting, dollar-worshipping civilization; needed to bring a moral force into the utilitarian motives and interests of the time; needed to stand for God and Home and Native Land versus gain and greed and grasping selfishness.
    Anna Julia Cooper (1859–1964)

    What money is better bestowed than that of a schoolboy’s tip? How the kindness is recalled by the recipient in after days! It blesses him that gives and him that takes.
    William Makepeace Thackeray (1811–1863)