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money
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money

Any common medium of exchange acceptable in payment for goods or services or for the settlement of debts; legal tender. Money is usually coinage (invented by the Chinese in the second millennium BC) and paper notes (used by the Chinese from about AD 800). Developments such as the cheque and credit card fulfil many of the traditional functions of money. In 1994 Mondex electronic money was introduced experimentally in Swindon, Wiltshire, England.



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