money

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Money

Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.

Money

A commodity, asset, or (most commonly) currency that may be exchanged for goods and services. Usually, the domestic government issues its own money and provides penalties to persons and businesses in its jurisdiction that do not accept it. Money and the money supply are integral to determining interest rates, inflation, and especially economic growth. There is no uniform agreement as to what qualifies as money; some economists include more mediums of exchange than other economists. Every society throughout history has used some sort of money, even bartering economies traded for something perceived to be equivalent. See also: Money supply, Liquidity.

money

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity. There is some disagreement among economists as to what types of things actually should be classified as money; for example, should balances in money market funds be included. See also money supply.

money

an asset which is generally acceptable as a means of payment in the sale and purchase of products and other assets and for concluding borrowing and lending transactions. The use of money enables products and assets to be priced in terms of the monetary units of the country (pence and pounds in the UK, for example), and to be exchanged using money as a common medium of exchange rather than the bartering of one product against another. Money also acts as a store of value (money can be held over a period of time and used to finance future payments) and as a unit of account (money is used to measure and record the value of products and assets, as for example in compiling the country's NATIONAL INCOME accounts). See MONEY SUPPLY, MONETARY POLICY.

money

an ASSET that is generally acceptable as a medium of exchange. Individual goods and services, and other physical assests, are ‘priced’ in terms of money and are exchanged using money as a common denominator rather than one GOOD, etc., being exchanged for another (as in BARTER). The use of money as a means of payment enables an economy to produce more output because it facilitates SPECIALIZATION in production and reduces the time spent by sellers and buyers in arranging exchanges. Other important functions of money are its use as a store of value or purchasing power (money can be held over a period of time and used to finance future payments), a standard of deferred payment (money is used as an agreed measure of future receipts and payments in contracts) and as a unit of account (money is used to measure and record the value of goods or services, e.g. GROSS NATIONAL PRODUCT, over time). See LEGAL TENDER.
References in periodicals archive ?
However, the Dothraki are the only culture that is insistently described as moneyless. The creator of the Dothraki language for the HBO show confessed to some difficulty because the word "money" had to be avoided: "Early on, for example, I was asked to translate a sentence about the Dothraki gambling with money.
The Moneyless Manifesto has been made available to read for free online, is published under Creative Commons licence, and proceeds from hard copies go to Permanent Publications to fund sustainable projects.
At the time, Beuys must also have enjoyed the significance of tagging the Twin Towers--the new image of global Capital--with the names of the patron saints of physicians, who were known as the Anargyroi ("moneyless" or "the unmercenaries") because they refused to accept money in exchange for their services.
He refuses to be patronized by the white woman and hence when he walks away, hungry and moneyless, his future is obviously bleak.
I was still living totally moneyless, eating fruit off trees and finding bruised and half-rotten veggies that were thrown out in the marketplace, chopping off the bad parts and using the rest.
(34) One example, from Zanzibar's Samachar, is the advertisement for Geimex Racket: 'He was moneyless and jobless.
(17) Lo expreso Paul Krugman en forma grafica: "Moneyless America, Jobless Europe" (Cohen, 1998, 140).
The Moneyless Man: A Year of Freeconomic Living (One World Publications, $22.95) is author Mark Boyle's quest to find out.
Thus, in the East they are known as the anargyroi (Greek, "the moneyless ones").
As the years passed, the waste and inefficiency of a moneyless society gradually began to take their toll on Israel's roughly 270 kibbutzim.
3.10 Newcastle Weatherbys Cheltenham Festival Betting Guide 2010 Handicap Chase 2m4f ATR Card page 24 Key stat Three of the last six winners were nine-year-olds and there are two in this line-up; Chigorin and Moneyless What they say Rose Dobbin, trainer of Luksar "He's won lots of point-to-points for us.
In this predominantly moneyless agricultural economy based on hard physical labor by the peasantry, "[m]aking money as a merchant or even [as] a manufacturer ...