- A medium that can be exchanged for goods and services and is used as a measure of their values on the market,including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.
- The official currency, coins, and negotiable paper notes issued by a government.
- Assets and property considered in terms of monetary value; wealth.
The most typical consideration of money is that which is concerned with the development of a means of carrying out transactions involving a physical medium of exchange. Money can be further be defined as any clearly identifiable object of value that is generally accepted as payment for goods and/or services, including repayment of debts within a market or which is legal tender within a country.
Historically, many different subjects have been used as medium of exchange in markets including livestock, sacks of cereal grain and armour. Most commonly things directly useful within themselves were used in transaction, however sometimes simply attractive items such as precious metals, cowry shells or beads were exchanged for more useful commodities.
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