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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. Etymology The word money derives from the Latin word moneta with the meaning 'coin' via French monnaie.

This GIF Bitmap Image Monkey Free HQ Image is a part of Monkeys Category in Animals Folder. Monkey Free HQ Image has a Resolution of 29x39 Pixels. Monkey Free HQ Image is of .gif (Graphics Interchange Format) Format. It's Size is 2.3KB. This GIF has been Downloaded 94 times till now. Monkey Free HQ Image was Added on 27-09-2021. Download Monkey Free HQ Image by clicking the button below:

Image Name: Monkey Free HQ Image
Image Category: Animals / Monkeys
Date Added: 27-09-2021
Resolution: 29x39

Format: GIF
Downloads: 94
Views: 66
Size: 2.3KB

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