Money is a medium of exchange; it allows people to obtain what they need to live. Money makes the world go around. Economies rely on the exchange of money for products and services. Economists define money, where it comes from, and what it's worth. Here are the multifaceted characteristics of money.

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 main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government 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".Counterfeit money can cause good money to lose its value.

The money supply of a country consists of currency (banknotes and coins) 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, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.

The M1 category includes what's known as active money—the total value of coins and paper currency in circulation. The amount of active money fluctuates seasonally, monthly, weekly, and daily. In the United States, Federal Reserve Banks distribute new currency for the U.S. Treasury Department. Banks lend money out to customers, which becomes active money once it is actively circulated.

Tesla & SpaceX are the two companies responsible for Elon Musk's growing fortune. ... Elon Musk's wealth has increased by over $150 billion during the last year, and most of that growth comes from Tesla's stocks which have increased 720% in 2020.

As Bidzina Ivanishvili (Georgian politician, billionaire businessman and philanthropist) says: "Earning 200 million is enough, then it will turn into a sport."

Must describe my personality by using the lyrics of an artist Jarad Anthony Higgins (Juice WRLD) "I got pain in my heart, I told you a hundred times But it's money, money, money, money, money on my mind".

In conclusion, I love money.