Currency

Currency

A currency is a standardized form of money, in use or circulation as a medium of exchange, for example banknotes, coins, electronic balances in online bank accounts, and central bank digital currencies. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Under this definition, the Pound sterling, euro, Japanese yen, and U.S. dollars are examples of fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term currency appear in the respective synonymous articles: banknote, coin, and money.

Data Source : Wikipedia

• Entity:  Infobox

• Wikidata description:  Generally Accepted Medium Of Exchange For Goods Or Services
• Wikidata label:  Currency
• Wikidata aliases:  Currency, Monetary Unit, Unit Of Money, Money Unit, Currencies

• Related Topics:  Currency Category, History Of Banking - The History Of Banking Began With The First Prototype Banks, That Is, The Merchants Of The World, Who Gave Grain Loans To Farmers And Traders Who Carried Goods Between Cities. This Was Around 2000 Bce In Assyria, India And Sumer., Foreign Exchange Market