John Self
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Money. Banknotes and coins. 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.
Jan 22, 2024 · Money is a medium of exchange; it allows people and businesses to obtain what they need to live and thrive. Bartering was one way that people exchanged goods for other goods before money was ...
Jul 15, 2024 · money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
Jun 30, 2024 · Money is a system of value that facilitates the exchange of goods. The use of money eliminates the problem of bartering where both parties must have something the other wants or needs.
Noun That painting must be worth a lot of money. He earned some money last summer as a musician. We're trying to save enough money for a new car. The town is raising money for the elementary school. Friends would always ask her for money. It's an interesting idea, but there's no money in it: it'll never sell. He made his money in the insurance ...
Nov 15, 2021 · Because money is based on a social agreement, the actual currency used can be anything. It can be any sort of physical item, or it could be entirely electronic. While there's a wide range of possibilities for what currency can be, most forms of money are recognizable by a common set of traits.
money, Commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed, and it circulates from person to person and country to country, thus facilitating trade.
noun. , plural mon·eys, mon·ies [muhn, -eez]. any circulating medium of exchange, including coins, paper money, and demand deposits. paper money. gold, silver, or other metal in pieces of convenient form stamped by public authority and issued as a medium of exchange and measure of value. Synonyms: change, specie, currency, cash, coin.
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