Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. 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 serve as money.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".
The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts and savings accounts). Bank money usually forms by far the largest part...
Works Written About This Topic: Gold, Peace, and Prosperity The Case for Gold Economics of a pure gold standard Fiat Money Inflation in France Money Madness Indian Currency and Finance Monetary Reform Money, and the Law of Attraction Some Thoughts Concerning Education General Theory of Employment Interest and Money Games On This Subject: Evoke Quotations About This Subject: If you want to know what God thinks about money, just look at the people He gives it to.;
Money is truthful. If a man speaks of honor, make him pay cash. Revenue is vanity... margin is sanity... cash is king. Many of the things you can count, don't count. Many of the things you can't count, really count.; Part of your heritage in this society is the opportunity to become financially independent.; Money differs from an automobile or mistress in being equally important to those who have it and those who do not.;
His money is twice tainted: taint yours and taint mine. Comparatively few people know what a million dollars actually is. To the majority it is a gaseous concept, swelling or decreasing as the occasion suggests. In the minds of politicians, perhaps more than anywhere, the notion of a million dollars has this accordion-like ability to expand or contract; if they are disposing of it, the million is a pleasing sum, reflecting warmly upon themselves; if somebody else wants it, it becomes a figure of inordinate size, not to be compassed by the rational mind.;
Ideas are the beginning points of all fortunes. Yes! Ready money is Aladdin's lamp. Related Web Pages: Money Videos
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