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:
“There is no intrinsic worth in money but what is alterable with the times, and whether a guinea goes for twenty pounds or for a shilling, it is ... the labour of the poor and not the high and low value that is set on gold or silver, which all the comforts of life must arise from.”
—Bernard Mandeville (1670–1733)
““... he’s helpless
In ways that I can hardly tell you of.
Sometimes he gets possessed to keep accounts
To see where all the money goes so fast.
You know how men will be ridiculous.
But it’s just fun the way he gets bedeviled
If he’s untidy now, what will he be?””
—Robert Frost (1874–1963)
“[France is] a country where the money falls apart but you can’t tear the toilet paper.”
—Billy Wilder (b. 1906)