Money Banks

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 primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

Bank

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

money

Noun

1. A generally accepted means of exchange.
2. A currency maintained by a state or other entity which can guarantee its value (such as a monetary union). (Can we clean up this sense?)

Adjective

1. Cool; excellent.

banks

Noun

1. plural of bank

Verb

1. third-person singular simple present indicative of bank