what is money currency
Answers
Answered by
1
the currency money means
Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than their nominal value, paper money, and deposit or book money, which are fiat money.
Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than their nominal value, paper money, and deposit or book money, which are fiat money.
Answered by
0
MONEY MEANS SOMETHING THAT CAN ACT AS A MEDIUM OF EXCHANGE IN A TRANSCTION.
CURRENCY IS JUST A FORM OF A MONEY AND THUS BY MONEY CURRENCY WE MEAN TO SAY THAT THE VALUE { MONEY} IN THE FORM OF CURRENCY....
HOPE IT HELPS....
,,,,,,,
Similar questions
Social Sciences,
8 months ago
Social Sciences,
8 months ago
Psychology,
1 year ago
Science,
1 year ago