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The 3-Minute Rule for 39 Synonyms & Antonyms for MONEY - Thesaurus.com

Object or record accepted as payment A sample picture of an imaginary ATM card. The biggest part of the world's cash exists just as accounting numbers which are transferred between monetary computer systems. Different plastic cards and other gadgets offer individual consumers the power to electronically move such cash to and from their savings account, without using currency.

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The primary functions of money are identified as: a legal tender, a system of account, a store of value and often, a requirement of credit. Any item or verifiable record that satisfies these functions can be considered as cash. Money is traditionally an emerging market phenomenon developing a commodity cash, but almost all modern money systems are based on fiat money.

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The money supply of a nation includes currency (banknotes and coins) and, depending upon the specific definition utilized, one or more types of bank cash (the balances held in checking accounts, savings accounts, and other types of savings account). Bank money, which consists only of records (mainly computerized in contemporary banking), forms by far the largest part of broad money in developed countries.

The Latin word is believed to stem from a temple of Juno, on Capitoline, among Rome's seven hills. In the ancient world, Juno was typically connected with money. This Site of Juno Moneta at Rome was the place where the mint of Ancient Rome was located. The name "Juno" may have obtained from the Etruscan goddess Uni (which means "the one", "distinct", "system", "union", "joined") and "Moneta" either from the Latin word "monere" (advise, warn, or instruct) or the Greek word "moneres" (alone, distinct).

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History Using barter-like methods might go back to at least 100,000 years back, though there is no proof of a society or economy that relied mostly on barter. Rather, non-monetary societies operated mainly along the principles of gift economy and financial obligation. When barter performed in reality occur, it was usually in between either complete strangers or potential enemies.

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