Question

What is meant by Currency?​

Answer 1

Answer:

currncy

Explanation:

Currency is a medium of exchange for goods and services. 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.

Answer 2

Currency refers to the common medium of exchange in any region.

Explanation:

• The Currency of a place can be defined as the legal tender or approved funds that could be used for exchanging commodities.
• Currency is a very important concept in economics as it determines the strength of the economy and allows the people to exchange goods and services in return.
• Without currency, the trade will be very difficult and people will either be unable to buy the things they need or buy them at unprecedented rates.