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Money is any object or verifiable record that is generally accepted as payment for goods and services and repayment of debts and taxes, in a particular commonwealth or socio-economic context. The chief functions of money are dignified as - a unit of account, a medium of exchange, a store of value and sometimes, a standard of deferred payment. Anything, so much as an physical object or verifiable record that fulfils these functions can be considered as money. Money is originally an nascent market phenomenon establishing a commodity money, merely almost all current money systems are supported fiat money. Decree money is like any check or note of debt which has no value otherwise as a physical commodity. Information technology derives its value by being declared by a governance to be legal tender, which means, that it must be accepted as a form of defrayment within the boundaries of the body politic, for all debts, no matter public operating theater secret. The money supply of a country consists of currency specifically banknotes and coins and, depending along the special definition used, one or more types of bank money (the balances held in nest egg accounts, checking accounts and other types of coin bank accounts). Banking company money forms past far the largest start of broad money in highly-developed countries and consists only of records (largely computerised in modern banking).

Image Key: Symbol Gold Euro Free of PNG HQ
Image category: Money | Download Money Zip
Parent class: Objects
Format: PNG image with important (transparent)
Resolution: 512x512
License: Creative Commons (Cubic centimetre BY-North Carolina 4.0)
Size: 99.2KB
Rating: 5
Views: 174
Author: Scott Ward
Date Added: 05-09-2021
PNG Downloads: 64
ICON Downloads: 11