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.
Posted on: Sat, 01 Feb 2014 13:27:05 +0000
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