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:
“Mildred Pierce: You look down on me because I work for a living, don’t you? You always have. All right, I work. I cook food and sell it and make a profit on it, which, I might point out, you’re not too proud to share with me.
Monte Beragon: Yes, I take money from you, Mildred. But not enough to make me like kitchens or cooks. They smell of grease.
Mildred Pierce: I don’t notice you shrinking away from a fifty- dollar bill because it smells of grease.”
—Ranald MacDougall (1915–1973)
“Words are wise men’s counters, they do but reckon by them: but they are the money of fools.”
—Thomas Hobbes (1588–1679)
“Clearly money has something to do with life....”
—Philip Larkin (1922–1986)