Business, Legal & Accounting Glossary
In general, money is anything that is used as a means of payment.
In common usage, money is usually used to refer to notes that are printed or coins that are minted by a national government (or supranational entity in the case of the European Union), and which can be used to buy or sell goods.
In modern times, money also refers to deposits in bank accounts.
In the past, coffee, cocoa, seashells, and gold were all used as money.
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This glossary post was last updated: 27th March, 2020 | 20 Views.