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Money World

Picture of a half-penny coin from 1966.
Under the pre-decimal system, this half penny coin was worth 1/2 of a penny, or 1/24th of a shilling, or 1/480th of a pound sterling. That’s almost one fifth of a decimal penny. What can you buy for a ha'penny?

Money functions in the world as a medium of exchange, a store of value, a unit of account and a standard of deferred payment.

Money can be everything about property, pensions, savings, borrowing, consumer affairs, insurance, work and money deals.

Your money comes and goes from your wallet, your bank account, and your share-trading account.

Read columns by Liz Weston, the Web's most-read money writer. She is the author of several books, most recently "The 10 Commandments of Money Survive and Thrive in the New Economy".

Quote of the week: “Good luck getting your money”.

Get a good job with good pay and you're okay. Grab that cash with both hands and make a stash. New car, caviar, four star daydream, think I'll buy me a football team.

Internet money can be exchanged for gift cards, gold, online services, or just traded for their equivalent of real world money. Try out the MerryPenny money calculator.

Dunkin' Donuts serves up a fresh batch of sweet stock Wednesday in its IPO. Investors are more than happy to put their money where their mouths are.

Nobody likes to pay tax, so there’s no point in handing your hard-earned cash over to the taxman unless it’s absolutely necessary. A taxman is someone who collects taxes for the government, collector of internal revenue, exciseman, internal revenue agent, tax collector. If you are having a hard time scraping up the cash to pay the taxman, you have options to avoid taxes.

In the money world money is any object or record that is generally accepted as payment for goods and services. MerryPenny.com has developed a new educational strategy to promote financial literacy and education.