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Fascination About Money - Urban Dictionary

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Object or tape-record accepted as payment A sample photo of an imaginary ATM card. The largest part of the world's money exists only as accounting numbers which are transferred in between financial computer systems. Various plastic cards and other devices give individual customers the power to electronically move such money to and from their savings account, without making use of currency.


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The primary functions of money are differentiated as: a legal tender, a unit of account, a store of value and often, a standard of credit. Any item or verifiable record that fulfils these functions can be considered as money. Money is historically an emergent market phenomenon developing a commodity cash, however almost all modern money systems are based upon fiat cash.



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The money supply of a country includes currency (banknotes and coins) and, depending on the specific meaning utilized, several kinds of bank cash (the balances kept in checking accounts, cost savings accounts, and other kinds of bank accounts). Bank money, which consists only of records (mostly computerized in modern-day banking), types without a doubt the largest part of broad money in industrialized nations.


The Latin word is believed to stem from a temple of Juno, on Capitoline, among Rome's 7 hills. In Check For Updates , Juno was frequently related to cash. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome lay. The name "Juno" might have derived from the Etruscan goddess Uni (which indicates "the one", "unique", "system", "union", "unified") and "Moneta" either from the Latin word "monere" (advise, alert, or instruct) or the Greek word "moneres" (alone, distinct).


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History Making use of barter-like approaches may date back to at least 100,000 years back, though there is no proof of a society or economy that relied mainly on barter. Rather, non-monetary societies ran largely along the principles of gift economy and financial obligation. When barter performed in reality take place, it was usually between either complete strangers or prospective enemies.


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The Mesopotamian shekel was an unit of weight, and depend on the mass of something like 160 grains of barley. The very first usage of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia utilized shell money frequently, the shells of the cowry (Cypraea moneta L.



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on Sep 23, 21