The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts).
money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
Money is measured as the money supply, which refers to the total amount of monetary assets available in an economy at a specific time. It includes various forms of money, such as cash, coins, and balances held in checking and savings accounts.
Money, simply defined, is something that can be used to make a payment. Any object can serve this purpose as long as it has an agreed-upon value and is trusted for use in transactions. Many different objects have functioned as money throughout history, including seashells, stones, metals, and paper.
Money is a medium of exchange for various goods and services in an economy. The money system varies with the governments and countries. Different countries have different currencies. The central authority is responsible for monitoring the monetary system.
Money is really anything that people use to pay for goods and services and to pay people for their work. Historically, money has taken different forms in different cultures—everything from salt, stones, and beads to gold, silver, and copper coins, and, more recently, virtual currency has been used.
Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another. Economists differentiate among three different types of money: commodity money, fiat money, and bank money.