Reverted edits by Luke314 (Talk); changed back to last version by Jenkins
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==Economic Definition of Money==
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==Economic Properties of Money==
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'''Money''' is defined as something which serves as a means of exchange, a store of value, and a unit of account and represents only an extremely small fraction of the real wealth of any given society or country where it is used. The [[currency]] which serves as money may be backed by some tangible commodity, or may be [[fiat money]]. Alternatively, trade may be carried on using commodity pay, wherein existing commodities are assigned exchange values but not explicitly designated as money.
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Money is defined as something which serves as a means of exchange, a store of value, and a unit of account and represents only an extremely small fraction of the real wealth of any given society or country where it is used. The [[currency]] which serves as money may be backed by some tangible commodity, or may be fiat money. Alternatively, trade may be carried on using commodity pay, wherein existing commodities are assigned exchange values but not explicitly designated as money.