Money: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Remove surplus link.)
(Add link.)
 
(12 intermediate revisions by 2 users not shown)
Line 25: Line 25:


== See also ==
== See also ==
* [[Anti money laundering]]  (AML)
* [[At the money]]
* [[Barter]]
* [[Barter]]
* [[Broad money]]
* [[Broad money]]
* [[Call money]]
* [[Capital]]
* [[Cash]]
* [[Cash]]
* [[Cash and cash equivalents]]
* [[Central bank money]]
* [[Central bank money]]
* [[Commercial bank money]]
* [[Commodity]]
* [[Commodity]]
* [[Credit]]
* [[Cryptocurrency]]
* [[Cryptocurrency]]
* [[Currency]]
* [[Currency]]
* [[Defined contribution pension scheme]]  = money purchase arrangement
* [[Digital public money]]
* [[Divisia money]]
* [[e-money]]
* [[e-money]]
* [[Fiat money]]
* [[Fiat money]]
Line 39: Line 49:
* [[Gold standard]]
* [[Gold standard]]
* [[Hard money]]
* [[Hard money]]
* [[Helicopter money]]
* [[Hot money]]
* [[Hot money]]
* [[In the money]]
* [[In the money]]
* [[International money market]]
* [[Legal tender]]
* [[Legal tender]]
* [[M0]]
* [[M1]]
* [[M2]]
* [[M3]]
* [[M4]]
* [[Materialistic]]
* [[Materialistic]]
* [[Mint]]
* [[Monetary]]
* [[Monetary]]
* [[Monetisation]]
* [[Monetisation]]
* [[Money and Pensions Service]]
* [[Money laundering]]
* [[Money laundering]]
* [[Money management]]
* [[Money market]]
* [[Money market]]
* [[Money market fund]]
* [[Money market instrument]]
* [[Money market lines]]
* [[Money market yield]]
* [[Money mule]]
* [[Money order]]
* [[Money purchase]]  -  pensions
* [[Money supply]]
* [[Money supply]]
* [[Money terms]]
* [[Money terms]]
* [[Narrow money]]
* [[Narrow money]]
* [[Out of the money]]
* [[Overnight money]]
* [[Overnight money]]
* [[Positive Money]]
* [[Private money]]
* [[Public money]]
* [[Quantity theory of money]]
* [[Quantity theory of money]]
* [[Time value of money]]
* [[Retention money guarantee]]
* [[Seigniorage]]
* [[Time value of money]] (TVM)
* [[Token]]
* [[Token]]
* [[Value for money]]  (VFM)
* [[Wealth]]




=== Other links ===
== External link ==
[http://bankunderground.co.uk/2015/08/21/monies-joining-economic-and-legal-perspectives/ Bank Underground blog: Monies - Joining economic and legal perspectives]
[http://bankunderground.co.uk/2015/08/21/monies-joining-economic-and-legal-perspectives/ Bank Underground blog: Monies - Joining economic and legal perspectives]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Latest revision as of 19:42, 2 February 2024

Historically, and narrowly, money referred to cash (notes and coins) in official currency backed by the relevant government.

Such money may be legal tender.


More generally, money is anything accepted for the settlement of debts in an economy or jurisdiction.


To the economist, money is whatever is used for four roles:

  1. Medium of exchange.
  2. Unit of account.
  3. Store of value.
  4. Standard for deferred payment.


Fiat money.

Money, then, can be many things, but most often today is fiat (let it be) money, i.e. tokens provided by a government and accepted by them for payment of taxes, or abstract representations of it. The latter are mostly as electronic representations in the accounts of banks and other monetary financial institutions, including central banks. Most money in developed countries consists of these records rather than of the tokens issued as fiat money.


Commodity money.

In the past money has been commodity money, for example gold or silver or valuable spices or shells, the value of which is in the valuable material or object rather than a nominal value ascribed to (a portion of) it. A government can issue tokens (e.g. notes or coins) exchangeable for a fixed quantity of such a commodity. Such tokens are known as representative money.


See also


External link

Bank Underground blog: Monies - Joining economic and legal perspectives