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America
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What is currency?
Currency is a word that is used in economic circles to refer to some form of money. One popular currency is the dollar. The dollar is the currency of the United States of America. Money can either be physical paper and coin money or money that is deposited in banks. This money is available for transfer, either electronically or with the usage of paper checks. Currency and deposited money are both valid ways to pay for things. Currency has historically been the primary form of money. It used to be the case that coins would be made from a an amount of a certain material that was commensurate with a value that was exactly equal to the amount of money the coin piece was meant to represent. For example, a nickel used to be composed of five cents worth of nickel. However, inflation and other factors have led to the government ending this practice. Now, currency is more symbolic than intrinsically valuable. When deflation strikes a countries economy, the physical currency appreciates in value. When inflation occurs in the economy of a particular country, the currency of that country depreciates in value. This means that it takes more of the currency to buy the same money. Although the nominal values of flat currency remain fixed, the real values that these currencies possess fluctuates with the good and, more often, bad decisions of the people who have grabbed the power to control a country's economic prospects. More and more, these people play games with the fluctuating real values of currency. Currencies are even openly traded. Zimbabwe and the Weimar Republic are two of the countries that had currencies which suffered from severe hyperinflation and were devastated. When the government creates too much currency out of thin air, the inflation rate will rise to a level that exceeds their target level. This can be very bad and lead to higher interest rates and economic stagnation. Although currencies used to be backed by gold, they are no longer. Currency is what makes it possible for modern society to no longer need to rely upon the trade and barter system that was once the norm.
What country does a typewriter come from?
the word typewriter comes from the country poland.
Which country does the word tornado come from?
It likely cannot be traced back to a single country. It is known that the word originates from the Spanish language.
What country does the word Hammock come from?
this is a Spanish word for a Hanging Bed
Which country did the word pastrami come from?
The word pastami comes from the Yiddish.
How is the term valuta properly defined?
Vauvta relates to currency and the exchange rates. For example, the valuta is the rate of one currency, such as the American Dollar to another country's currency, such as the Euro. It is Latin for the word "value".
Currency in a sentence?
That answer lacks currency! Currency is another word for money.
What is nederlanden currency?
Nederlanden is the Dutch word meaning the Netherlands, a country in Europe.The currency used in the Netherlands is the euro.The International currency code is EUR.
What is the word for a country or community where there are no currency but they only trade stuff?
Barter system
What is the definition of the German word pfennig?
it is an old currency penny like the old value of a farthing in England
What is a word for money in use in a country?
In USA people will say 3 dollars.In UK it's poundsAnswer 2The word you want is currency.British currency is the pound sterling, the currency in the USA is the US dollar.Many countries in Europe use the Euro (symbol €) as their currency.
What is the Maltese word for currency?
The Maltese word for currency is munita.
Is monetary unit a noun?
Yes, the term 'monetary unit' is a noun (a compound noun), a word for base denomination of a country's currency; a word for a thing.
What's the definition of the word currency?
currency
What country uses the ISK as a currency?
The ISK is a currency that is used in Iceland. ISK stands for the Icelandic Krona. The word Krona refers to Crown in the local language. The highest denomination is 50ISK.
What was the value of two pounds in 4 A D?
As far as currency is concerned, the word "Pound" did not even exist until about 1100 AD.
What part of speech is the word currency?
The word "currency" can function as a noun, specifically a common noun. It refers to the system of money used in a particular country or region.
