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:

    All that remains to the mother in modern consumer society is the role of scapegoat; psychoanalysis uses huge amounts of money and time to persuade analysands to foist their problems on to the absent mother, who has no opportunity to utter a word in her own defence. Hostility to the mother in our societies is an index of mental health.
    Germaine Greer (b. 1939)

    There is some ill a-brewing towards my rest,
    For I did dream of money bags tonight.
    William Shakespeare (1564–1616)

    The notion of making money by popular work, and then retiring to do good work, is the most familiar of all the devil’s traps for artists.
    Logan Pearsall Smith (1865–1946)