Definition of currency

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TeachMeFinance.com - explain currency



currency -- coins and paper money, which circulate as a legal medium of exchange.

historic definition...

Currency -- That which is in general use and circulation as money; see Money. Currency, however, is commonly construed as paper money, whether United States notes (greenbacks), gold certificates, silver certificates, Treasury notes (silver-purchase notes) or bank notes. Coins of a denomination less than $1 are designated as fractional currency.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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