Money is any token or other aim of the functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of money owned to others. Money is also serves as a standard of value for measuring the relative worth of different goods and services and as a collection of value.



Money is anything that is generally accepted as payment for goods and services. And repayment of debts the main uses of money are as a medium of exchange, a unit of account, and a store of value. Some authors explicitly require money to be a standard of deferred payment the dominant form of money is currency.

Representative money is money that consists of token coins. Representative money thus stands in direct and fixed relation to the commodity which backs it, while not itself being composed of that common Credit money.

Credit money is any claim against a physical or legal person that can be used for the purchase of goods and services. In these Credits money differs from commodity and fiat money in two ways: It is not payable on demand (although in the case of fiat money, "demand payment" is a purely symbolic act since all that can be demanded is other types of fiat currency).

Fiat money is thus not technically fungible or tradable directly for fixed quantities of anything, except more of the same government's fiat money. Make money is an Austrian documentary. It is tells about aspects of the development of the world wide financial system. Making money requires work - even in the stock market.

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