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:
““Give me the resurrection of the body!” said Dukes. “But it’ll come in time, when we’ve shoved the cerebral stone away a bit, the money and the rest. Then we’ll get a democracy of touch, instead of a democracy of pocket.””
—D.H. (David Herbert)
“I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg.”
—Margaret Drabble (b. 1939)
“Providing for one’s family as a good husband and father is a water-tight excuse for making money hand over fist. Greed may be a sin, exploitation of other people might, on the face of it, look rather nasty, but who can blame a man for “doing the best” for his children?”
—Eva Figes (b. 1932)