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...Definition of money what is any good that widely used and accepted in transactions involving the transfer goods services from one person to another economists differentiate among three different types commodity fiat bank a whose value serves as gold coins are an example most countries has been replaced with which less than it represents dollar bills because their slips printed paper consists book credit banks extend depositors made using checks drawn on deposits held at involve use functions often defined terms or provides medium exchange store unit account s important function facilitate without all would have be conducted by barter involves direct service for difficulty system order obtain particular supplier possess equal also desires other words can take place only if there double coincidence wants between two transacting parties likelihood however small makes rather difficult effectively eliminates problem serving regardless whether they desire each others must hold its over time ...