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Money | Definition, Economics, History, Types, Facts | Britannica Money money, a commodity accepted by general consent as a medium of economic exchange It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth
The History of Money - American Numismatic Association Money is anything that people will accept as payment in exchange for goods or services Evolving for the last 10,000 years, the earliest forms of money offered a system whereby people could determine the comparative value of items (for example, an axe or a cow)
What is Money? Definition of Money, Money Meaning - The Economic Times Money is a medium of exchange for various goods and services in an economy The money system varies with the governments and countries Different countries have different currencies The central authority is responsible for monitoring the monetary system
What Is Money? | Introduction to Business - Lumen Learning Money is really anything that people use to pay for goods and services and to pay people for their work Historically, money has taken different forms in different cultures—everything from salt, stones, and beads to gold, silver, and copper coins, and, more recently, virtual currency has been used
Definition of Money - CliffsNotes Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another Economists differentiate among three different types of money: commodity money, fiat money, and bank money