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:
“Criminals are never very amusing. It’s because they’re failures. Those who make real money aren’t counted as criminals. This is a class distinction, not an ethical problem.”
—Orson Welles (1915–1985)
“I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
—Thomas Jefferson (1743–1826)
“Who could deny that our Austria is richer than any other country? As the saying goes: “We have money like manure.””
—Franz Grillparzer (1791–1872)