monetary

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar.
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). Bank money, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries.

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    Need monetary donations (any amount)

    Due to certain circumstances (medical / partner got into an accident) naubusan na ko ng savings. Then came the bills, ayun para mabayaran I had to use my credit card and get some personal loans. Ipagsabay pa natin and unemployment. While nakakuha na nga ako ng trabaho, matagal pa ang sahod and...
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    Trivia The Evolution of Monetary System

    3 Types of Monetary Systems: Hidden content Follow me for more Updates
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