Instruments
A contract regarding any combination of capital assets is called a financial instrument, and may serve as a
- medium of exchange,
- standard of deferred payment,
- unit of account, or
- store of value.
Most indigenous forms of money (wampum, shells, tally sticks and such) and the modern fiat money is only a "symbolic" storage of value and not a real storage of value like commodity money.
Read more about this topic: Financial Capital
Famous quotes containing the word instruments:
“We are all instruments endowed with feeling and memory. Our senses are so many strings that are struck by surrounding objects and that also frequently strike themselves.”
—Denis Diderot (1713–84)
“Sound all the lofty instruments of war,
And by that music let us all embrace,
For, heaven to earth, some of us never shall
A second time do such a courtesy.”
—William Shakespeare (1564–1616)
“I rejoice that America has resisted. Three millions of people, so dead to all the feelings of liberty, as voluntarily to submit to be slaves, would have been fit instruments to make slaves of the rest.”
—William Pitt, The Elder, Lord Chatham (1708–1778)