
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
.
Ploratur lacrimis amissa pecunia veris.
Lost money is wept for with real tears.
Crescit amor nummi quantum ipsa pecunia crescit,Et minus hanc optat, qu non habet.
Translation: Increase of wealth increases our desiresAnd hew, who least possesses, least requires.
Alt. Translation: The love of money grows as the money itself grows.
Quid faciant leges, ubi sola pecunia regnat?
What power has law where only money rules?
That's just a lie we tell poor people to keep them from rioting in the streets.
Money, now this has to be some good shit.