Money refers to any widely accepted medium of exchange that can be used to facilitate transactions, store value, and measure the value of goods and services in an economy.
Related terms
Medium of Exchange: This term refers to anything that is widely accepted as payment for goods and services.
Store of Value: This term describes how money can be saved or held onto for future use or purchases.
Unit of Account: This term represents the function of money where it serves as a common measurement tool for determining prices and comparing values.