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:
“At fifteen one is first beginning to realize that everything isn’t money and power in this world, and is casting about for joys that do not turn to dross in one’s hands.”
—Robert Benchley (1889–1945)
“Words are wise men’s counters, they do but reckon by them: but they are the money of fools.”
—Thomas Hobbes (1588–1679)
“I love money, but will money ever love me in return?”
—Mason Cooley (b. 1927)