Currency

related topics
{company, market, business}
{@card@, make, design}
{rate, high, increase}
{law, state, case}
{country, population, people}
{language, word, form}
{land, century, early}
{war, force, army}
{area, part, region}
{specie, animal, plant}
{mi², represent, 1st}
{acid, form, water}

Circulating currencies
Community currencies

Fictional currencies

Modern currencies

Notaphily

Scripophily

In economics, the term currency can refer to a particular currency, for example, the Euro, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of bank deposits (sometimes called deposit money), ownership of which can be transferred by means of cheques or other forms of money transfer such as credit cards and debit cards. Money need not necessarily be currency, as both deposit money and currency are money in the sense that both are acceptable as a means of payment.[1]

Money in the form of currency has predominated throughout most of history. Usually (gold or silver) coins of intrinsic value (commodity money) have been the norm. However, nearly all contemporary money systems are based on fiat money. The bank notes and bank coins of modern currency have value only by government order (fiat). Usually, the government declares the fiat currency (typically notes and coins issued by the central bank) to be legal tender, making it unlawful to not accept the fiat currency as a means of repayment for all debts, public and private.[2][3]

Contents

Full article ▸

related documents
Gold standard
Economy of Sudan
Economy of Eritrea
Initial public offering
Economy of Bahrain
Morgan Stanley
Economy of Croatia
Economy of Bangladesh
Economy of the Dominican Republic
Borland
Economy of Venezuela
Protectionism
Local currency
Economy of Brunei
Tennessee Valley Authority
Bank for International Settlements
Enron
Bond (finance)
Economy of the United Kingdom
Economy of Kyrgyzstan
Dot-com bubble
Economy of Vietnam
Economy of Zambia
Economy of Niger
Economy of Moldova
Amtrak
Economy of Canada
Import substitution industrialization
Debt
Economy of Iceland