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:
“The ways by which you may get money almost without exception lead downward. To have done anything by which you earned money merely is to have been truly idle or worse.”
—Henry David Thoreau (1817–1862)
“Once again, we’ve wasted time and money by dealing with the homeless backward. Too much energy has gone into deciding where we do not want them to be, and making sure that they would not be there.”
—Anna Quindlen (b. 1952)
“Scientists have odious manners, except when you prop up their theory; then you can borrow money of them.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)