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INTRODUCTION
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfils these functions can serve as money. Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts and savings accounts). Bank money usually forms by far the largest part of the money supply. According to Walker, money what money does, but this definition of money cannot throw light on the definition of money because money does many things; it is just the functional theory of money.Robertson has given the most satisfactory definition of money. According to him, anything, which is widely accepted in payment for good or discharges other kinds of business obligations, is called as money. It is not the physical characteristics of money that makes money acceptable it is of social significance. The idea of general acceptability worries some people to take it as flimsy. Money like other goods is demanded because it is useful, but money differs from others in terms of utility. It is not a consumer because it does not yield any direct utility, it is not a capital good because it is incapable of performing feats of physical transformation. It is the commercial theory of money. (http://en.wikipedia.org/wiki/Money)

ETYMOLOGY
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. In the ancient world Hera was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located. The name "Juno" may derive from the Etruscan goddess Uni (which means "the one", "unique", "unit", "union", "united") and "Moneta" either from the Latin word "monere" (remind, warn, or instruct) or the Greek word "moneres" (alone, unique).In the Western world, a prevalent term for coin-money has been specie, stemming from Latin in specie, meaning 'in kind'. (http://en.wikipedia.org/wiki/Money) We have discussed about the etymology and definition of money. Now let us talk about how students manage their money. For many students, college is the first major landmark on the path to independence. Moving away from home means no more curfews, no asking for permission and no parents looking over their shoulders. It also means that the liberty-seeking college kid is now free to make his or her own mistakes. In such an environment, money management often becomes an issue. Knowing how to avoid these problems is the key to beating them.( http://local.youngmoney.com/Top_Ten_Student_Money_Mistakes.html) When it comes to standing on our own feet, it illustrates that we also have to be smart on spending our money. Unfortunately, many of the students fail to do so. They spend their money whenever they want without realising the consequences that they will face in future. This phenomena also happens in Penang Matriculation College (PMC). After realising that this matter is getting serious, we have decided to conduct a research on how PMC students spend their money. This research is not only to prevent students from wasting their money but also to identify the spending style of our students. Besides that, through this research we would like to provide few ways on how to save our money.

OBJECTIVES
Through this study, we would like to...
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