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 ?
In Montpelier, Vermont, we have introduced new means of exchange that are not artificially scarce, and that foster cooperation rather than competition.
But, if rights become compensation for past injustices, the quantitative means of exchange that puts a number on the abstract value of oppression, we are still left with the issue of "commensurate balance.
Its recent international expansion subsequently expanded the means of exchange accepted within the BarterTrust Network to include the BarterTrust Canadian Dollar and the BarterTrust Peso in Mexico.
Cable connector switchboards and improve their means of exchange in the field of BKV Zrt.
While elected governments tamely permit banks to issue our public means of exchange for massive private profit, not only do those controlling the purse strings have voters at their mercy: the rich pickings available in high finance will continue to act as a corrupting influence on those who should be putting the interests of the nation first.
On the negative side, however, gold isn't easy to carry around in our pockets which impairs its means of exchange function.
With its instant purchasing feature, transparent bidding process, and lure of free items, onedayfree's Calendar Auction model provides the most efficient means of exchange for buyers and sellers of surplus assets.
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.
Because we rely on bank loans for our means of exchange, widespread bank failure means economic chaos so taxpayers must back these risky businesses with deposit insurance.
Cash is no longer simply a means of exchange - it has become a valuable commodity.