Currency

Damir Yalalov

Published: 9 August 2022, 2:33 am Updated: 09 Aug 2022, 2:33 am

What is Currency?

Currency is a form of payment for goods and services. In a nutshell, it is money in the form of paper and coins that is normally issued by a government and is generally accepted as a form of payment at face value

Understanding Currency

Currency has long since supplanted bartering as a means of transferring goods and services as the principal medium of exchange in the modern world.

A new type of currency has entered the vocabulary and arena of transaction in the twenty-first century: virtual currency, sometimes known as cryptocurrency. In the United States, virtual currencies such as Bitcoin and Ethereum have no physical form or official backing. They are traded and stored digitally.

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