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money

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 main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.
Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Counterfeit money can cause good money to lose its value.
The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.

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  1. C

    Money

    What on average is a plumbers pay? is it good and can you make a good living from being a plumber? i just want to know what sort of life you can have being a plumber and th type of money you get? Thanks
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  2. J

    is C&G qualification worth the money

    I'm thinking of doing the plumbing course at the BTSC.It's gonna be 11 grand ish. My only concern is spending all that money and struggling to find work. I hear there's loads of work, but BTSC would say that.It would be good to hear it from the horses mouth. any responses or advice would be...
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  3. S

    Saving money

    I have a potterton suprima 50 boiler that is about 11 years old, this boiler is a CAT A I am thinking of changing to a new condenser boiler, not combi and have lower gas bills I hope. The cost of a new boiler, Vaillant is about £1200 from one quote. I would also fit new modern control bits and...
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