Meaning and definition of Money
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Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or social-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
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In a lay man's language, money acts as a medium of exchange for the purchase of goods and services.
But the definition of money according to F.A. Walker, "Money is what money does."
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