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MONEY meaning: 1. coins or notes (= special pieces of paper) that are used to buy things, or an amount of these…. Learn more.
Money definition: any circulating medium of exchange, including coins, paper money, and demand deposits.. See examples of MONEY used in a sentence.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Wikipedia’s definition of money is correct in the first paragraph, but there is a major problem with the second paragraph. Money did not originate as commodity money. This is a commonplace but false assumption, which will be soon explained.
Definition of money noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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16 meanings: 1. a medium of exchange that functions as legal tender 2. the official currency, in the form of banknotes, coins,.... Click for more definitions.
The money came into existence to overcome the drawbacks of the barter system. Earlier, people use to exchange goods and services as a form of commerce. This often led to many disadvantages, one of which was the double coincidence of wants. To solve this problem, a standard medium of exchange, money ...
