Social Sciences, asked by manima44, 5 months ago

Give a short introduction to currency​

Answers

Answered by 0M0
1

In short, it's money, in the form of paper or coins, usually issued by a government and generally accepted at its face value as a method of payment. Currency is the primary medium of exchange in the modern world, having long ago replaced bartering as a means of trading goods and services.

Money is really anything that people use to pay for goods and services and to pay people for their work. Historically, money has taken different forms in different cultures—everything from salt, stones, and beads to gold, silver, and copper coins and, more recently, virtual currency has been used.

Answered by janvimishra1313
2

Explanation:

Currencies were tied to the U.S. dollar and the IMF managed any intermittent imbalances of payment between nations.

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