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The Money Portal

Euro coins and banknotes

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: 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 possessed 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. (Full article...)

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A money-back guarantee, also known as a satisfaction guarantee, is essentially a simple guarantee that, if a buyer is not satisfied with a product or service, a refund will be made.

The 18th century entrepreneur Josiah Wedgwood pioneered many of the marketing strategies used today, including the satisfaction-or-money-back guarantee on the entire range of his pottery products. He took advantage of his guarantee offer to send his products to rich clientele across Europe unsolicited. The money-back guarantee was also a major tool of early U.S. mail order sales pioneers in the United States such as Richard Sears and Powel Crosley Jr. to win the confidence of consumers. (Full article...)

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The Luxembourg franc (F or ISO LUF, Luxembourgish: Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. (Full article...)

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... that a special legislative session to deal with the Real Estate Bank of Arkansas was not called because a third of the legislature owed money to the bank?
... that in the span of three days, a Florida man was approved by bankruptcy courts to buy TV stations in Roanoke and Lynchburg, Virginia, and then arrested on charges of laundering millions in drug money?
... that American first lady Lou Henry Hoover secretly sent money to families in need during the Great Depression?
... that barley was once used as a form of money?
... that the manager of WVSS at the University of Wisconsin–Stout spent about $6,000 of his own money to buy more than 500 classical music CDs to program the station?
... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that Prince Charles donated money to help repair the Cambus O' May bridge after it was badly damaged by Storm Frank in 2015?

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The following are images from various currency-related articles on Wikipedia.

Image 1Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 2Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 3Tibetan kong par tangka, dated 13-45 (= AD 1791),reverse (from Tibetan tangka)
Image 4Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 5Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 6Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from Tibetan tangka)
Image 7Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 8A 640 BC one-third stater electrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)
Image 9"Bent bar" minted under Achaemenid administration, Gandhara, c.350 BC. (from Punch-marked coins)
Image 10Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 11Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka)
Image 12Huizi currency, issued in 1160 (from Money)
Image 13Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 14US dollar banknotes (from Money)
Image 15Printing paper money at a printing press in Perm (from Money)
Image 16Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 17Banknotes and coins (from Money)
Image 18A 1914 British gold sovereign (from Money)
Image 19A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 20Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 21Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 22Banknotes of different currencies with a face value of 5000 (from Money)
Image 23Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 24Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 25Athens coin (c. 500/490-485 BC) discovered in Pushkalavati. This coin is the earliest known example of its type to be found so far east. (from Punch-marked coins)
Image 26A person counts a bundle of different Swedish banknotes. (from Money)
Image 27President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 28Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 29Paper money from different countries (from Money)
Image 30Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 31Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from Tibetan tangka)
Image 32A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 33Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)