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.
Some articles on money:
... Credit theories of money, also called Debt theories of money are concerned with the relationship between credit and money ... Proponents assert the essential nature of money is credit (debt), at least in eras where money is not backed by a commodity such as gold ... Two common strands of thought within these theories are the idea that money originated as a unit of account for debt, and the position that money creation involves ...
... said that between $600 billion and $1.5 trillion of illicit money is laundered annually, equal to 2% to 5% of global economic output ... offshore is where most of the world's drug money is allegedly laundered, estimated at up to $500 billion a year, more than the total income of the world's poorest 20% ... "These offshore centers awash in money are the hub of a colossal, underground network of crime, fraud, and corruption" commented Lucy Komisar quoting these statistics ...
... When gold and silver are used as money, the money supply can grow only if the supply of these metals is increased by mining ... typical situation for over a century when gold and paper money backed by gold were used as money in the 18th and 19th centuries ... Modern day monetary systems are based on fiat money and are no longer tied to the value of gold ...
... receives 100 ducats, but is unable to spend all the money in one day ... Because of that he gives the remaining money to a beggar, who tells him that it's not money that brings luck ... A drunkard and bon-vivant, he has no trouble spending all the money on drinking with his friends ...
... a woman has taken her place there, she does not go away to her home before some stranger has cast money into her lap, and had intercourse with her outside the ... It does not matter what sum the money is the woman will never refuse, for that would be a sin, the money being by this act made sacred ...
More definitions of "money":
- (noun): The most common medium of exchange; functions as legal tender.
Example: "We tried to collect the money he owed us"
- (noun): The official currency issued by a government or national bank.
Example: "He changed his money into francs"
Famous quotes containing the word money:
“No one in this world, so far as I know ... has ever lost money by underestimating the intelligence of the great masses of the plain people.”
—H.L. (Henry Lewis)
“Dont want no money from you Ethan, no money, Marty. Just a roof over old Mose head and a rocking chair by the fire, my own rocking chair by the fire.”
—Frank S. Nugent (19081965)
“The technological landscape of the present day has enfranchised its own electoratesthe inhabitants of marketing zones in the consumer goods society, television audiences and news magazine readerships... vote with money at the cash counter rather than with the ballot paper at the polling booth.”
—J.G. (James Graham)