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:
“It’s not money that brings happiness, it’s lots of money.”
—Russian saying, trans. by Vladimir Ivanovich Shlyakov (1993)
“You are wonderful. I love and honor you.... [ellipsis in source] Lead your own life, attend to your charities, cultivate yourself, travel when you wish, bring up the children, run your house. I’ll give you all the freedom you wish and all the money I can but—leave me my business and politics.”
—Eleanor Roosevelt (1884–1962)
“I have defeated them all.... I was left with some money to battle with the world when quite young, and at the present time have much to feel proud of.... The Lord gave me talent, and I know I have done good with it.... For my brains have made me quite independent and without the help of any man.”
—Harriet A. Brown, U.S. inventor and educator. As quoted in Feminine Ingenuity, ch. 8, by Anne L. MacDonald (1992)