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Last Updated: Nov-20-2008
   
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    WIKIPEDIA TOPIC PAGE
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    Money From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (August 2008)

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    The factual accuracy of this article is disputed. Please see the relevant discussion on the talk page. (August 2008) For other uses, see Money (disambiguation). "Dinero" redirects here. For obsolete Spanish currency, see Spanish dinero. For the community in the United States, see Dinero, Texas.

    Various denominations of currency, one form of money.

    Various denominations of currency, one form of money. Money is anything that is generally accepted as payment for goods and services and repayment of debts.[1] The main uses of money are as a medium of exchange, a unit of account, and a store of value.[2] Some authors explicitly require money to be a standard of deferred payment.[3] The term "price system" is sometimes used to refer to methods using commodity valuation or money accounting systems. Money includes both currency, particularly the many circulating currencies with legal tender status, and various forms of financial deposit accounts, such as demand deposits, savings accounts, and certificates of deposit. In modern economies, currency is the smallest component of the money supply. Money is not the same as value, the latter being the basic element in economics. Money is central to the study of economics and forms its most cogent link to finance. The absence of money causes a market economy to be inefficient because it requires a coincidence of wants between traders, and an agreement that these needs are of equal value, before a barter exchange can occur. The use of money is thought to encourage trade and the division of labour. The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. In the ancient world Hera was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located.[4]. "Juno" etymology may derives 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).

     

       
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