money
Sign in to savethumb|upright=1.5|Euro [[banknotes and coins]]
AI overview
Money is a medium of exchange that people use to buy and sell goods and services instead of bartering directly with one another. It matters because it enables commerce and economic activity by providing a standard, widely-accepted way to measure value and complete transactions.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
- Instance of
- medium of exchange
- Named after
- groschen
- Image
- Euro coins and banknotes.jpg
Show 7 more facts
- P910
- Category:Money
- P1889
- currency
- P1343
- Pauly–Wissowa
- P5008
- Wikipedia:Vital articles/Level/4 (2022)
- P2184
Article
30 sectionsContents
- Etymology
- History
- Functions
- Medium of exchange
- Measure of value
- Standard of deferred payment
- Store of value
- Properties
- Money supply
- Creation of money
- Market liquidity
- Types
- Commodity
- Representative
- Fiat
- Demurrage
- Coinage
- Paper
- Commercial bank
- Digital or electronic
- Monetary policy
- Locality
- Financial crimes
- Counterfeiting
- Money laundering
- See also
- Notes
- References
- Further reading
- External links
thumb|upright=1.5|Euro [[banknotes and coins]]
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. 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.