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:

    Say that the men of the old black tower
    Though they but feed as the goatherd feeds,
    Their money spent, their wine gone sour,
    Lack nothing that a soldier needs,
    That all are oath-bound men;
    Those banners come not in.
    William Butler Yeats (1865–1939)

    There are hardly half a dozen writers in England today who have not sold out to the enemy. Even when their good work has been a success, Mammon grips them and whispers: “More money for more work.”
    Aleister Crowley (1875–1947)

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