ETYM Old Eng. moneie, Old Fren. moneie, French monnaie, from Latin moneta. Related to Mint place where coin is made, Mind, Moidore, Monetary.
1. The most common medium of exchange; functions as legal tender.
2. The official currency issued by a government or national bank.
3. Wealth reckoned in terms of money.
Any common medium of exchange acceptable in payment for goods or services or for the settlement of debts; legal tender. Money is usually coinage (invented by the Chinese in the second millennium bc) and paper notes (used by the Chinese from about ad 800). Developments such as the check and credit card fulfill many of the traditional functions of money. In 1994 Mondex electronic money was introduced experimentally in Swindon, Wiltshire, England.
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