Portal:Money

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The Money Portal

Euro coins and banknotes
A sample picture of a fictional ATM card. The largest part of the world's money exists only as accounting numbers which are transferred between financial computers. Various plastic cards and other devices give individual consumers the power to electronically transfer such money to and from their bank accounts, without the use of currency.

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".[better source needed] 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. (Full article...)

Selected article - show another

Ancient Chinese coins

Ancient Chinese coinage includes some of the earliest known coins. These coins, used as early as the Spring and Autumn period (770–476 BCE), took the form of imitations of the cowrie shells that were used in ceremonial exchanges. The Spring and Autumn period also saw the introduction of the first metal coins; however, they were not initially round, instead being either knife shaped or spade shaped. Round metal coins with a round, and then later square hole in the center were first introduced around 350 BCE. The beginning of the Qin Dynasty (221–206 BCE), the first dynasty to unify China, saw the introduction of a standardised coinage for the whole Empire. Subsequent dynasties produced variations on these round coins throughout the imperial period. At first the distribution of the coinage was limited to use around the capital city district, but by the beginning of the Han Dynasty, coins were widely used for such things as paying taxes, salaries and fines.

Ancient Chinese coins are markedly different from their European counterparts. Chinese coins were manufactured by being cast in molds, whereas European coins were typically cut and hammered or, in later times, milled. Chinese coins were usually made from mixtures of metals such copper, tin and lead, from bronze, brass or iron: precious metals like gold and silver were uncommonly used. The ratios and purity of the coin metals varied considerably. Most Chinese coins were produced with a square hole in the middle. This was used to allow collections of coins to be threaded on a square rod so that the rough edges could be filed smooth, and then threaded on strings for ease of handling. (Full article...)
List of selected articles

Selected currency - show another

A one-Europa coin

The europa was a token coinage created in 1928 by Joseph Archer [fr], a politician and industrialist from the Nièvre region in France. The currency was promoted by Philibert Besson [fr], the elected deputy for the Haute-Loire who, along with Archer, was an influential figure in the European federalist movement. The coins were minted in the name of a hypothetical "Federated States of Europe" (États fédérés d'Europe). Unlike contemporary currencies based on the gold standard, the europa was intended to derive its notional value from its value in labour.

The currency never circulated except unofficially between federalists of the Nièvre region. Two denominations were produced, both depicting Louis Pasteur and a map of Europe on the obverse and reverse respectively: one valued at 1 europa and another at 1/10 of a europa. (Full article...)

Did you know - show different entries

  • ... that stolen money was found at Newforge in what was believed to be an IRA plot to frame the Police Service of Northern Ireland?
  • ... that 75 business leaders, pastors, and listeners of Nevada's KRCV radio attempted to buy the station, even though it was not making money?
  • ... that sculptor Alfred Gilbert fled England twice—once for love, once for money?
  • ... that Aleksei Grishin (depiction shown) put his 2010 Winter Olympics gold medal—Belarus' first gold in the Winter Olympics—up for auction to raise money for another person's surgery?
  • ... that British Rail's Automatic Train Protection system was estimated to cost £11 million per life saved, more than the £4 million per life to be considered good value for money?
  • ... that after Ted Turner asked for viewers' money to keep WRET-TV afloat, he was able to repay thousands of lenders four years later—with interest?

Related portals

Get involved

For editor resources and to collaborate with other editors on improving Wikipedia's Money-related articles, see WikiProject Numismatics.

Need help?

Do you have a question about Money-related content on Wikipedia that you can't find the answer to?

Consider asking it at the Wikipedia reference desk.

General images - show another

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

In the news

2 June 2021 –
Nicaraguan opposition figure Cristiana Chamorro Barrios is placed under house arrest in Managua as the government accuses her of money laundering. (Bangkok Post)
26 May 2021 –
Former South African President Jacob Zuma pleads not guilty to multiple charges, including corruption, fraud, racketeering and money laundering, relating to a $2 billion arms deal in 1999. Zuma said that the charges were politically motivated by a rival section of the ruling African National Congress. (Reuters)
20 May 2021 – Colonial Pipeline cyberattack‎
In the aftermath of the attack, it is revealed at a Senate Armed Services cyber subcommittee hearing that the Department of Homeland Security was not alerted to the ransomware attack and that the Justice Department was not alerted to the ransom type or the amount of money demanded, prompting discussion about the numerous information silos in the government and difficulties of information-sharing between them. (USNI News)

Categories

Select [►] to view subcategories
Category puzzle
Money
no subcategories

Topics

– By region –
– By name –
– By country –
– Historical currencies –
– Other –

Wikimedia

The following Wikimedia Foundation sister projects provide more on this subject:

Wikibooks
Books

Commons
Media

Wikinews 
News

Wikiquote 
Quotations

Wikisource 
Texts

Wikiversity
Learning resources

Wiktionary 
Definitions

Wikidata 
Database

Sources

Portals

Purge server cache