Money is any item or verifiable record that is generally accepted as payment for
goods and .... In economics, money is a broad term that refers to any financial
instrument that can fulfill the funct...
Define money economy: a system or stage of economic life in which money
replaces barter in the exchange of goods.
The narrowest definition of money, the monetary base comprehends only cash
outside banks plus bank reserves, the latter including both cash reserves held by
By this definition, what we typically think of as money- i.e. currency- does in fact fit
the economic definition of money, but so do a lot of other items in the economy.
Cash economy | an economic system, or part of one, in which financial ... order,
bank transfer, or credit card | Definition, pronunciation, examples & translations.
Definition: Money market basically refers to a section of the financial market
where financial instruments with high liquidity and short-term maturities are
Definition of money in the Financial Dictionary - by Free online English ... in the
amount of money in an economy very influential in determining interest rates, ...
Oct 10, 2012 ... To this end, I will adopt the common definition of money as being any object or
token that is generally accepted as a means for paying goods ...
Money is often defined in terms of the three functions or services that it provides.
Money serves as a medium of exchange, as a store of value, and as a unit of.
Definition of velocity of money: Rate at which money circulates, changes hands,
or turns over in an economy in a given period. Higher velocity means the same ...