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Non-Tech : Monetary Policy and Standards
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To: Hawkmoon who wrote (7)8/22/1999 2:17:00 PM
From: goldsheet  Read Replies (1) of 29
 
"Money is anything that is widely used for making payments and accounting for debts and credits."

That's the economic textbook "medium of exchange" definition, which helps us avoid carrying around live chickens, grain, and other thing required for barter transactions.

In addition, I mentioned:

fungible adj : (law) of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation

divisible \Di*vis"i*ble\, a. [L. divisibilis, fr. dividere: cf. F. divisible. See Divide.] Capable of being divided or separated.

Store of value (don't have dictionary definition) - ability to retain value over time. Perishable goods (food, grain, livestock, etc..) would not be good as money.
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