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TeachMeFinance.com - explain Money
money -- anything that is generally accepted as a medium of exchange, such as currency or precious metals.
another definition...
Money -- Any denomination of coin or paper currency of legal tender that passes freely as a medium of exchange.
historic definition...
Money -- A standard of value and medium of payment established
by law. Money must be something the worth of which all persons
concerned in its use recognize. Hence, it must be a commodity
which there is a common desire to obtain. The use of gold and silver as money is as old as history,
but cattle, tobacco, animals, skins, iron, wheat, rice, beads
in fact, nearly everything which people want and recognize
the value of by general consensus of opinion has been used
for the purpose.
About the author
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Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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Copyright © 2005 by Mark McCracken, All Rights Reserved.
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