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Money - Wikipedia
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. [1] [2] [3] The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred ...
What Is Money? Definition, History, Types, and Creation - Investopedia
Oct 14, 2024 · Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as for the repayment of...
Money Definition & Meaning - Merriam-Webster
The meaning of MONEY is something generally accepted as a medium of exchange, a measure of value, or a means of payment. How to use money in a sentence. Frequently Asked Questions About money.
Money | Definition, Economics, History, Types, & Facts | Britannica Money
What is money? Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.
Understanding Money: Its Properties, Types, and Uses
Jun 30, 2024 · Money is a liquid asset used to facilitate transactions of value. It is used as a medium of exchange between individuals and entities. It's also a store of value and a unit of account that can...
24.1 What Is Money? – Principles of Economics - Open Textbook …
Money is anything that serves as a medium of exchange. Other functions of money are to serve as a unit of account and as a store of value. Money may or may not have intrinsic value. Commodity money has intrinsic value because it has other …
What Is Money? - The Balance
Nov 15, 2021 · Money is anything that acts as a store of value and a medium of exchange; it only has value because people agree that it does. Because money is based on an agreement, the actual currency can be any sort of physical item, or it could be entirely electronic.