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:
“Colonel “Bat” Guano: Okay, I’m going to get your money for you. But if you don’t get the President of the United States on that phone, you know what’s going to happen to you?
Group Captain Lionel Mandrake: What?
Colonel “Bat” Guano: You’re going to have to answer to the Coca-Cola company.”
—Stanley Kubrick (b. 1928)
“Is money money or isn’t money money. Everybody who earns
it and spends it every day in order to live knows
that money is money, anybody who votes it to be
gathered in as taxes knows money is not money. That
is what makes everybody go crazy.... When you earn
money and spend money every day anybody can know the
difference between a million and three. But when you
vote money away there really is not any difference
between a million and three.”
—Gertrude Stein (1874–1946)
“At fifteen one is first beginning to realize that everything isn’t money and power in this world, and is casting about for joys that do not turn to dross in one’s hands.”
—Robert Benchley (1889–1945)