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 payment.
Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value.[4] Its value is consequently derived by social convention, having been declared by a government or regulatory entity 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", in the case of the United States dollar.
The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) 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, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries.
^Mishkin, Frederic S. (2007). The Economics of Money, Banking, and Financial Markets (Alternate ed.). Boston: Addison Wesley. p. 8. ISBN 978-0-321-42177-7.
^What Is Money? Archived 2022-12-05 at the Wayback Machine By John N. Smithin. Retrieved July-17-09.
^"money : The New Palgrave Dictionary of Economics". The New Palgrave Dictionary of Economics. Retrieved 18 December 2010.
^Cite error: The named reference mankiw was invoked but never defined (see the help page).
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...
Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement...
MoneyMoney 2020 is the debut studio album by new wave band The Network, a side project of the band Green Day. It was released on September 30, 2003,...
In finance, moneyness is the relative position of the current price (or future price) of an underlying asset (e.g., a stock) with respect to the strike...
"The Money" is the 146th episode of the sitcom Seinfeld. This was the 12th episode for the eighth season, originally airing on NBC on January 16, 1997...
Dumb Money is a 2023 American biographical comedy-drama film directed by Craig Gillespie and written by Lauren Schuker Blum and Rebecca Angelo. It is...
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government...
John William Money (8 July 1921 – 7 July 2006) was a New Zealand American psychologist, sexologist and professor at Johns Hopkins University known for...
Sapna MoneyMoney (lit. 'Our Dream is [only] Money and Money') is a 2006 Indian Hindi-language comedy film directed by Sangeeth Sivan. Apna Sapna Money Money...
Money plant may refer to several species, including: This page is an index of articles on plant species (or higher taxonomic groups) with the same common...
In macroeconomics, money supply (or money stock) refers to the total volume of money held by the public at a particular point in time. There are several...
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency...
Edward Joseph Money (né Mahoney; March 21, 1949 – September 13, 2019) was an American singer and songwriter who, in the 1970s and 1980s, had eleven Top...
Hush money is a term for an arrangement in which one person or party offers another an attractive sum of money or other enticement, in exchange for remaining...
monetary economics, the money multiplier is the ratio of the money supply to the monetary base (i.e. central bank money). If the money multiplier is stable...
YooMoney branded as ЮMoney, formerly known as Yandex.Money (Russian: Яндекс.Деньги), is Russia's second largest electronic payment service after "Sberbank...
In It for the Money is the second studio album by English alternative rock band Supergrass, released in 1997. NME called it "more fun than watching a...
The history of money is the development over time of systems for the exchange, storage, and measurement of wealth. Money is a means of fulfilling these...
A money order is a directive to pay a pre-specified amount of money from prepaid funds, making it a more trusted method of payment than a cheque. The...
Money Heist (Spanish: La casa de papel, [la ˈkasa ðe paˈpel], lit. 'The House of Paper') is a Spanish heist crime drama television series created by Álex...
Money creation, or money issuance, is the process by which the money supply of a country, or an economic or monetary region, is increased. In most modern...
Money exchange can refer to: Bureau de change, a business where people can exchange one currency for another Foreign exchange market This disambiguation...
On the Money is the name of several finance- and business-focused television series: On the Money (2005 TV program), an American daily personal finance...