Definition of Money of account. Meaning of Money of account. Synonyms of Money of account

Here you will find one or more explanations in English for the word Money of account. Also in the bottom left of the page several parts of wikipedia pages related to the word Money of account and, of course, Money of account synonyms and on the right images related to the word Money of account.

Definition of Money of account

Money of account
Money bill (Legislation), a bill for raising revenue. Money broker, a broker who deals in different kinds of money; one who buys and sells bills of exchange; -- called also money changer. Money cowrie (Zo["o]l.), any one of several species of Cypr[ae]a (esp. C. moneta) formerly much used as money by savage tribes. See Cowrie. Money of account, a denomination of value used in keeping accounts, for which there may, or may not, be an equivalent coin; e. g., the mill is a money of account in the United States, but not a coin. Money order, an order for the payment of money; specifically, a government order for the payment of money, issued at one post office as payable at another; -- called also postal money order.

Meaning of Money of account from wikipedia

- A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money...
- Money may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money)...
- unit of account is one of the functions of money. A unit of account is a standard numerical monetary unit of measurement of the market value of goods...
- deposit account is a bank account maintained by a financial institution in which a customer can deposit and withdraw money. Deposit accounts can be savings...
- 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...
- deposit account is a liability of the bank and an ****et of the depositor (the account holder). On the other hand, a bank can lend some or all of the money it...
- retirees, Christmas club accounts, investment accounts, and money market accounts. Some savings accounts also have other special requirements, such as...
- demise of cheques, cheque accounts. Because money is available on demand they are also sometimes known as demand accounts or demand deposit accounts. In...
- In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current ****ets...
- In macroeconomics, money supply (or money stock) refers to the total volume of money held by the public at a particular point in time. There are several...