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:

    “The Gospel of the army is cunning, as of all other human activities. The wisdom of the snake under the meekness of the sheep is what wins out.
    The first Commandment is—never let them get anything on you—
    The second: Graft—get privileges others haven’t got—worm yourself into confidence
    The Third—seem neat and prosperous—as if you had money in the bank—”
    —John Dos Passos (1896–1970)

    “Black women ... work because their husbands can’t make enough money at their jobs to keep everything going.... They don’t go to work to find fulfillment, or adventure, or glamour and romance, like so many white women think they are doing. Black women work out of necessity.”
    —Wilma Rudolph (1940–1994)

    “Wealth, howsoever got, in England makes
    Lords of mechanics, gentlemen of rakes;
    Antiquity and birth are needless here;
    ‘Tis impudence and money makes a peer.”
    —Daniel Defoe (1660–1731)