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:
“The want of money is the root of all evil.”
—Samuel Butler (1835–1902)
“I pray we are still a young and courageous nation, that we have not grown so old and so fat and so prosperous that all we can think about is to sit back with our arms around our money bags. If we choose to do that I have no doubt that the smoldering fires will burst into flame and consume us—dollars and all.”
—Lyndon Baines Johnson (1908–1973)
“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)