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MONEY
In economic System Money is a commodity which is scare & must be valuable
- Money Is medium to exchange
- it should be acceptable by community
- unit of account
- store of value
Currency
Any form of money that is in public circulation,use .currency includes both hard money(Coins) & soft money (Paper money).
In other words we can say that currency is generated by governing bodies & it must be accetable by all the community & can easily be used as a sourse of exchangr
"Abdul Mannan Abbasi"
Lenore Murphy
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What is difference between Convertible and non-convertible currency?
A non convertible currency is a money system that is not part of the FOREX exchange. It cannot be converted into other currency.
What is the difference between English and American money?
english and american currency are both different english money is the pound (£) and american money is dollars ($)
What is the difference between Americans and English?
english and american currency are both different english money is the pound (£) and american money is dollars ($)
What is the difference between procrument and purchase?
The difference between purchasing and procurement is that to purchase something with currency or money. Procurement is the obtaining of goods and services through a bartering system.
Difference between monetary base and money supply?
MB=CU+DEP (Currency +Deposits) MS=CU+DEP+IR (Currency + Deposits+International Reserves)
What is the difference between currency future and currency option?
The difference between a currency future and a currency option is the option is the amount paid is all that is at risk and with future you could lose a lot more.
What is the difference between the stock market and the currency exchange market?
Ownership in companies is traded in the Stock Market while ownership of foreign money is traded in the currency exchange market.
What is the difference between a fixed currency and a floating currency?
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
What is the difference between Spanish and American money?
The main difference between Spanish money and American money is the currency used. Spain uses the Euro as its official currency, while the United States uses the US Dollar. Additionally, the designs and denominations of the banknotes and coins are unique to each country.
What is the Difference between a normal paper and currency paper?
the main difference between currency paper and normal paper is that the currency paper is made up of cotton fibres and the normal paper is obtainde from trees
What is the difference between currency paper and a normal paper?
the main difference between currency paper and normal paper is that the currency paper is made up of cotton fibres and the normal paper is obtainde from trees
Is what is the difference between pound and dollar?
Pounds is the currency of England and dollars is the currency of America
