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.

Read more about Money.

Famous quotes containing the word money:

    When it comes to money nobody should give up anything.
    Anthony Trollope (1815–1882)

    I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again. When you go to confession and entrust your sins to the safe-keeping of the priest, do you ever come back for them?
    Jean Baudrillard (b. 1929)

    His hands make money outside; his spouse saves money at home.
    Chinese proverb.