currency

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Related to Means of exchange: monetary unit, National Currencies

Currency

Currency

Money generally accepted in circulation in a certain jurisdiction. That is, currency is any form of money that businesses in a certain jurisdiction will accept in exchange for goods and services. Usually, the domestic government sets its own currency and provides penalties to persons and businesses in its jurisdiction that do not accept it. However, some countries (especially those experiencing hyperinflation) accept other countries' currencies informally. Alternatively, a country may use the currency of another (as some countries have done with the U.S. dollar) or pool resources to make an international currency accepted in several countries (the euro being the most prominent example). See also: Foreign exchange.

currency

or

cash

the coins and bank notes which constitute the physical component of a country's MONEY SUPPLY, i.e. coins and notes have a physical identity, whereas the other assets comprising the money supply such as bank deposits, are book-keeping entries and have no tangible life of their own. See LEGAL TENDER, FOREIGN CURRENCY.

currency

the BANK NOTES and coins issued by the monetary authorities that form part of an economy's MONEY SUPPLY. The term currency’ is often used interchangeably with the term cash in economic analysis and monetary policy.
References in periodicals archive ?
We think of money as a neutral means of exchange, just a recordkeeping mechanism that helps us value different goods and services.
They were also means of exchange, almost as good as pennies, and I regret to say that all of us children did a thriving barter in them, trading briskly and with a keen sense of worth.
The Pakistani rupee has been accepted as a means of exchange all over Afghanistan and is traded among money exchangers in major Afghan cities.
We might then consider what the modes and means of exchange are in the justice of both Tourgee and Chesnutt--what their ratios are and how they define commensurability.
Then, money itself became a commodity as well as a means of exchange.
As defenders of the monetary metals, we do not necessarily maintain that they should be the only means of exchange.
Provision of vouchers for food is a means of exchange, whereby employees receive food and food products for a nominal value of vouchers in restaurants, quick service, as well as sites for food trade, including grocery stores, supermarket, hypermarkets and etc.
Bitcoin is far more than just a new means of exchange, it's an important innovation in its own right," said Shelley Spector, president.
In fact, it isn't very much at all, it's the means of exchange, not the apex of ambition, it's pieces of paper and electronic records, that's all.