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:

    You are wonderful. I love and honor you.... [ellipsis in source] Lead your own life, attend to your charities, cultivate yourself, travel when you wish, bring up the children, run your house. I’ll give you all the freedom you wish and all the money I can but—leave me my business and politics.
    Eleanor Roosevelt (1884–1962)

    ...I’m not money hungry.... People who are rich want to be richer, but what’s the difference? You can’t take it with you. The toys get different, that’s all. The rich guys buy a football team, the poor guys buy a football. It’s all relative.
    Martina Navratilova (b. 1956)

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