Money

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:

    Bernstein: “Girls delightful in Cuba stop. Could send you prose poems about scenery but don’t feel right spending your money stop. There is no war in Cuba. Signed Wheeler.” Any answer?
    Charles Foster Kane: Yes—Dear Wheeler, You provide the prose poems, I’ll provide the war.
    Orson Welles (1915–1985)

    The Gospel of the army is cunning, as of all other human activities. The wisdom of the snake under the meekness of the sheep is what wins out.
    The first Commandment is—never let them get anything on you—
    The second: Graft—get privileges others haven’t got—worm yourself into confidence
    The Third—seem neat and prosperous—as if you had money in the bank—
    John Dos Passos (1896–1970)