# Money
Money is any item or verifiable record that is accepted as payment for goods and services and repayment of debts and payment of national obligations, such as taxes, in a particular jurisdiction. Money is issued by a [central bank](central-banks.md). 

* **Medium of Exchange** - The capacity of an item to expedite trade between a buyer and seller because it is widely accepted as payment for a good and services. 
* **Unit of Account** - The capacity of an item, or subdivisions of itself, to function as a numerical monetary unit (*numéraire*) and act as a universal measure of the [market value](market-value.md) of goods, services, and other transactions.
* **Store of Value** - The capacity of an item to retain purchasing power into the future and capacity to be saved with a predictable variance in its [market value](market-value.md) over long time periods.

Money is a social technology whose efficacy is based on both its universal acceptance in an economic region and the money's coherence to three properties:

The United States [dollar](dollar.md) and the Euro are examples of money.

See also [private money](private-money.md).

## Qualities

The qualifies of a currency representing money are defined by coherent to three properties:

* Durability
* Portability
* Divisibility
* Uniformity
* Limited supply
* Wide acceptability

## References
* Eich, Stefan. 2018. ‘The Currency of Politics’. The Political Theory of Money from Aristotle to Keynes.
* Petz, Marcus. 2020. ‘When Is Money Not a Currency? Developments from Finland of Proto-Community Currencies’. International Journal of Community Currency Research 24 (2): 30–53.
* *‘Private Money vs Totally-Public Money, plus Some History | Financial Times’. n.d. Accessed 20 March 2022. https://www.ft.com/content/40592d6d-5a32-3606-a54f-cdc411e90c20.
* Larue, Louis. 2020. ‘“A Conceptual Framework for Classifying Currencies”.’ International Journal of Community Currency Research 24 (1): 45–60.
* Schroeder, Rolf F. H. 2020. ‘Beyond the Veil of Money: Boundaries as Constitutive Elements of Complementary Currencies’. The Japanese Political Economy 46 (1): 17–41. https://doi.org/10.1080/2329194x.2020.1762499.
* Varoufakis, Yanis. 2021. ‘What Is Money, Really? And Why Bitcoin Is Not the Answer (Even If Blockchain Is Brilliant & Potentially Helpful in Democratising Money)’. Yanis Varoufakis (blog). 2 August 2021. https://www.yanisvaroufakis.eu/2021/08/02/what-is-money/.
* Steele, Graham. 2021. ‘The Miner of Last Resort: Digital Currency, Shadow Money and the Role of the Central Bank’. Technology and Government, Emerald Studies in Media and Communications, Forthcoming.
* Bazzani, Giacomo. 2020. ‘Money as a Tool for Collective Action’. Partecipazione e Conflitto 13 (1): 438–61. https://doi.org/10.1285/i20356609v13i1p438.