What is the exact definition of money?
What is the exact definition of money?
Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.
What is money Oxford dictionary?
1. a. Current coin; metal stamped in pieces of portable form as a medium of exchange and measure of value. piece of money: see piece n.
What is the word for money?
What is another word for money?
| cash | currency |
|---|---|
| change | lucre |
| moolah | necessary |
| dosh | finances |
| lolly | means |
What does monies mean in business?
sums of money
“Monies” is an uncountable plural noun. “Monies” means sums of money. Each sum may be from a different source or earmarked for a different purpose. For example: He is responsible for handling fees and other monies due to the court.
Why is money called money?
The word money derives from the Latin word moneta with the meaning “coin” via French monnaie. The Latin word is believed to originate from a temple of Juno, on Capitoline, one of Rome’s seven hills. In the ancient world, Juno was often associated with money.
What is money in accounting?
In finance and accounting, cash refers to money (currency) that is readily available for use. It may be kept in physical form, digital form, or invested in a short-term money market product. In economics, cash refers only to money that is in the physical form.
How do you say money in business?
money
- bill.
- capital.
- cash.
- check.
- fund.
- pay.
- payment.
- property.
What is importance of money?
Why Do We Need Money? Money can’t buy happiness, but it can buy security and safety for you and your loved ones. Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.
How do you use money?
Plural Mass Nouns There are occasions when ‘money’ is plural. The spelling in these instance can be moneys or, more commonly, monies: Some of the 2009 stimulus monies for high-speed rail should end up in the California project and more may be coming.
Why do we say monies?
For example, they use “monies” to describe funds that are coming from multiple sources, so by saying “federal monies” you’re showing that it’s coming from more than one pot of federal money. It’s standard in legal and financial writing to use “monies” to describe “discrete sums of money.”
What is purpose of money?
To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or “backed” by a commodity.
