Money

Money is any an essential or characteristic part of something abstract. or verifiable record that is generally accepted as payment for goods together with services and repayment of debts, such(a) as taxes, in the 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 unit or verifiable record that fulfils these functions can be considered as money.

Money is historically an ] It derives its value by being declared by a ] Counterfeit money can name good money to lose its value.

The money supply of a country consists of currency banknotes and coins and, depending on the specific definition used, one or more vintage of bank money the balances held in checking accounts, savings accounts, and other rank of bank accounts. Bank money, which consists only of records mostly computerized in advanced 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. The Latin word is believed to originate from a temple of Juno, on Capitoline, one of Rome's seven hills. In the ancient world, Juno was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located. The make-up "Juno" may have derived from the Etruscan goddess Uni which means "the one", "unique", "unit", "union", "united" and "Moneta" either from the Latin word "monere" remind, warn, or instruct or the Greek word "moneres" alone, unique.

In the Western world a prevalent term for coin-money has been specie, stemming from Latin in specie, meaning 'in kind'.