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:
“With money you’re a dragon; without it you’re a worm.”
—Chinese proverb.
“Words are wise men’s counters, they do but reckon by them: but they are the money of fools.”
—Thomas Hobbes (1588–1679)
“No money is better spent than what is laid out for domestic satisfaction.”
—Samuel Johnson (1709–1784)
Related Subjects
Related Phrases
Related Words