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What is the Money?

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. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It 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". Counterfeit money can cause good money to lose its value. The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries...

@gbg_bucks: *Counting Money* Y’all: 20, 40, 60, 80, 100, 120, 140 Me: 20, 40, 60, 80, 1, 20, 40, 60, 80, 2 🤣

THEDARKONE💦 (saanharris)

@lildurk: Money on my fucking brain 🦅

Eric Revis Jr. 🐐 (Erevis13)

@JakeOwens211995 @naomi_long @NorthernIreland @PoliceServiceNI I recently won all the money in the euromillions. And by all, I mean 3.70

Kieran Burke 🇮🇪🇪🇺 (kieranburke83)

@queensuzzette: In Nigeria one of the biggest struggles is finding a place to kick it with your boyfriend when he doesn’t have a house o…

Gerard (gerarrdini)

Automation threatens 1.5 million workers in Britain, says ONS

Andi Chandler (Bingy)

@KKombani: I repeat: get your own stories out there for free. Donate your own salary. As for me and my stories, I will ask for due paym…

Daudi Titus (daudi_titus)

@PiyushGoyal @narendramodi Govt. Solve employment problem & greater safety & security to general public. Why give f…

saumitra yadav (ysaumitra)

@JeremyBlainIvey Shake Your Money Maker- The Southern Harmony and Musical Companion- Amorica

Tony Henry (thenry333)

@BubblesnBooze I feel the same way about people who can save money and have others sue them because they can't save…

Thomas Collins Jr (ThomasCollinsJ2)

@KingKatriar: Your defence minister could not buy Rafale because he had no money. How is your maalik proposing to raise this money for h…

Chowkidar Satyen Rohra (satyenrohra)

@Aashish_zac Hey, we are glad to inform you the Instant Withdrawal feature is active again. You can proceed with yo…

Dream11 (Dream11)

@OpenHeartae it's also not a long term thing cuz the more time passes with them on hiatus, the less fans will be ac…

- lily » 𝘱𝘦𝘳𝘴𝘰𝘯𝘢 12.04 « (hyyhphile)

@Snowflake_Drops: Pathological liar he is ! He doesn’t even have any idea how the system functions n where does the money comes from.…

चौकन्ना चौकीदार/ Hyper Nationalist 🇮🇳 (Hyperna1)

The reason most goals are not achieved is that we spend our time doing second things first. (Robert McKain)