Bionichead Money Section
“Money” by Ervins Strauhmanis 2011 (CC by 2.0)

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, perhaps, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered money.

  • Addressing the Illicit Finance Risks of Virtual Currency
    Remarks From Under Secretary of Terrorism and Financial Intelligence David S. Cohen 3/18/2014 (The following text is copied from press releases at US Treasury Website.) Good morning. It is a pleasure to join you today to discuss virtual currency. And I would like to thank Bloomberg News for hosting this event and providing a forum for ...

News about Bitcoins (Digital Money):

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“Money” by Ervins Strauhmanis, 2011, (CC by 2.0)

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