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Definition of 'Money'
1. A commodity or asset, such as gold, an officially issued currency, coin or paper note, that can be legally exchanged for something equivalent, such as goods or services.
2. As defined by common law: a medium of exchange that is authorized or adopted by a domestic or foreign government and includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more nations.
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Investopedia explains 'Money'
Also know as moola, dinero, bread or cash.
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Find out why time really is money by learning to calculate present and future value.
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It's a part of everyone's life, and we all want it, but do you know how it gains value and how it is created?
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Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!
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