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:

    Neither money nor position can atone to me for low birth.
    Anthony Trollope (1815–1882)

    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)

    We shall never get people whose time is money to take much interest in atoms.
    Samuel Butler (1835–1902)