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

- 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...
- 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...
- types Loan account Joint account Low-cost account Numbered bank account Negotiable Order of Withdrawal account (NOW) (USA) Banks portal Money portal Bank...
- 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...
- retirees, Christmas club accounts, investment accounts, and money market accounts. Some savings accounts also have other special requirements, such as...
- 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...
- 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)...
- checkbook money are funds held in demand accounts in commercial banks. These account balances are usually considered money and form the greater part of the...
- "lowest money of account, of which 1000 shall be equal to the federal dollar". The Coinage Act of 1792 describes milles and other subdivisions of the dollar:...
- Money creation, or money issuance, is the process by which the money supply of a country, or an economic or monetary region, is increased. In most modern...