Description:
Money is any good or token used by a society as a medium of exchange, store of value and unit of account. Trade without money requires direct bartering of one commodity for another or some other way of conducting trade. Bartering is often inefficient because it requires a coincidence of wants between traders. Consequently tokens that represent and store value usually become accepted as a medium of exchange. This is money.

Keywords:
account amount bank bill bills budget business charge charges cheap clear coin coins credit credits currencies currency deposit earning ecommerce euro europa europe european expensive finance finances financial fortune interest loan loans money pay paying payment payments price purchase rich sale savings transfer valuable

Categories:
- Business > Finance
- Abstract > Backgrounds