Question

Write a note about currency​

Answer 1

Answer:

The word currency is derived from the Middle English term curraunt meaning in circulation. So, the currency is money in circulation, which is used as a medium of exchange. Money is in the form of coins or paper, which are typically issued by a government and widely accepted as a means of payment at its face value.

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Answer 2

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• The word currency is derived from the Middle English term curraunt meaning in circulation.

• So, the currency is money in circulation, which is used as a medium of exchange.

• Money is in the form of coins or paper, which are typically issued by a government and widely accepted as a means of payment at its face value.

• In the modern world, the currency is the primary medium of exchange, having long ago substituted bartering as a way of exchanging goods & services.

• Every country has its domestic currency.