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any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. 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 fulfills these functions can be considered as money.

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order to make money. They have zero interest in uncertainty (again, assuming that most are not speculating). The future price they can receive today may be better than the spot price in 6 months, or it …
answered Feb 17 '18 by ssn