# Wray, 1993)

By [Untitled](https://paragraph.com/@0xdd1160b6ed029620eb06f77188cc0b16df52abcb) · 2022-07-28

---

From this short introduction it has to be clear that money is defined by its functions, i.e. we call something money if it is a • medium of exchange, • standard of deferred payments, • store of value, • measure of value.

---

*Originally published on [Untitled](https://paragraph.com/@0xdd1160b6ed029620eb06f77188cc0b16df52abcb/wray-1993)*