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:

    Had I but plenty of money, money enough and to spare,
    The house for me, no doubt, were a house in the city-square;
    Ah, such a life, such a life, as one leads at the window there!
    Robert Browning (1812–1889)

    I have imbibed such a love for money that I keep some sequins in a drawer to count, & cry over them once a week.
    George Gordon Noel Byron (1788–1824)

    No money is better spent than what is laid out for domestic satisfaction.
    Samuel Johnson (1709–1784)