Portal:Money

The Money Portal

Euro coins and banknotes

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 primary functions 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 an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity 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", in the case of the United States dollar.

The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) 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, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries. (Full article...)

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The Octopus card (Chinese: 八達通; Jyutping: baat3 daat6 tung1, Cantonese) is a reusable contactless stored value smart card for making electronic payments in online or offline systems in Hong Kong. Launched in September 1997 to collect fares for the territory's public transport system, it has grown into a widely used system for transport and other retail transactions in Hong Kong. It is also used for purposes such as recording school attendance and permitting building access. The cards are used by 98 percent of the population of Hong Kong aged 15 to 64 and the system handles more than 15 million transactions, worth over HK$220 million, every day.

The Octopus card system was the world's second contactless smart card system, after the Korean Upass. It won the Chairman's Award at the World Information Technology and Services Alliance's 2006 Global IT Excellence Awards for, among other things, being the world's leading complex automatic fare collection and contactless smart card payment system. Its success led to the development of similar systems elsewhere, including Navigo card in Paris, Oyster card in London, Opal card in New South Wales, and NETS FlashPay and EZ-Link in Singapore. (Full article...)

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The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable variations, however, occurred throughout the Middle Ages.

As of 2022^[update] the only circulating currency named "mark" is the Bosnia and Herzegovina convertible mark. (Full article...)

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... that while executives believed the Golden Rondelle Theater would be a waste of money, it was one of the 1964 World's Fair's most popular attractions?
... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that Zack Kelly received a $500 signing bonus, lost money in his first professional seasons, and was released by two organizations before he made his Major League Baseball debut?
... that a nuclear reactor was nearly built at the New York Hall of Science, but the money for the institution instead went to Yankee Stadium?
... that a TV station in Windsor, Ontario, was spared from closure even though it lost money for ten consecutive years?
... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that the church that attempted to sell a Kansas radio station could not locate the money allegedly paid by the buyer?
... that people are robbing Lebanese banks to get their own money back?

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The following are images from various currency-related articles on Wikipedia.

Image 1Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 2A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 3Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 4Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 5Tibetan kong par tangka, dated 13-45 (= AD 1791), obverse (from Tibetan tangka)
Image 6A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 7A person counts a bundle of different Swedish banknotes. (from Money)
Image 8Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 9Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 10Huizi currency, issued in 1160 (from Money)
Image 11"Bent bar" of the Gandhara Janapda unearthed with Achaemenid and Greek coins, Gandhara, c.350 BC. (from Punch-marked coins)
Image 12Paper money from different countries (from Money)
Image 13Euro banknotes and coins (from Money)
Image 14“Babyal Hoard” type, of the Kuru Janapada (350 - 315 BCE) (from Punch-marked coins)
Image 15Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 16Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 17Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 18Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 19Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, reverse (from Tibetan tangka)
Image 20Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 21Printing paper money at a printing press in Perm (from Money)
Image 22Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 23Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 24Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 25Silver, ½ Karshapana coin, “Babyal Hoard” type, of the Kuru Janapada (450 BC - 315 BC) (from Punch-marked coins)
Image 26Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 27Banknotes of different currencies with a face value of 5000 (from Money)
Image 28US dollar banknotes (from Money)
Image 29Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, obverse (from Tibetan tangka)
Image 30Tibetan kong par tangka, dated 13-45 (= AD 1791), reverse (from Tibetan tangka)
Image 31A 1914 British gold sovereign (from Money)
Image 32Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 33Ancient Jewish coin, engraved menorah, from the Hasmoneon kingdom 37-40 BCE (from Money)
Image 34President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 35A 640 BC one-third stater electrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)