When we say "currency", it means "<u>paper money and coins</u>".
What is currency?
- In essence, it's just a means of exchanging goods and services.
- Any coin or piece of paper that is typically issued by a government and generally accepted for payment at face value.
- A universally acknowledged payment method that is typically issued by a nation's authorities and utilized only inside its own territorial control.
- A physical manifestation of money. Take note that, unlike money, which is an abstract system of worth, currency must exist in a tangible form.
- In relation to other currencies, its value is constantly erratic.
- In case you forgot, currency became the fundamental tool for exchanging goods and services in the modern era, replacing bartering long ago.
Learn which currency whose value is determined by the supply and demand for the currency in the market: brainly.com/question/14372075
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