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:
“Superfluous wealth can buy superfluities only. Money is not required to buy one necessary of the soul.”
—Henry David Thoreau (1817–1862)
“If all the rich men in the world divided up their money amongst themselves, there wouldn’t be enough to go round.”
—Christina Stead (1902–1983)
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