Anything that serves the three basic purposes of money: medium of exchange; store of value; unit of account. In modern economies, a currency issued by an agency of government. As an adjective, "money" refers to the value of something Denominated in the prevailing currency and not corrected for inflation; contrasts with real.

Browse by Subjects

Popular Economy Terms

demand bill
Winnipeg Commodity Exchange (WCE)
chattels real
electronic funds transfer at point of sale
commercial lawyer
store card
flash report
absorption costing