Currency is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency.
Ref: alpari.com/en/beginner/glossary/
Currency is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. In modern economies the medium of exchange is currency. Ref: alpari.com/en/beginner/glossary/
CURRENCY
CURRENCY
As a medium of exchange.
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
money is called a medium of exchange because it acts as an intermediate in exchange of commodities
Laws set by the government give Fiat money its value as a medium of exchange. Unlike traditional money or currency, it has no good which act as a medium to back it up.
Anything that is used to determine value during the exchange of goods and services is called a "medium of exchange." This typically refers to currency, such as money, which facilitates transactions by providing a common measure of value. In addition to traditional currency, other forms can include barter systems or digital currencies. The primary function of a medium of exchange is to simplify trade and eliminate the inefficiencies of direct barter.
"Currency' is money in any form when in actual use as a medium of exchange, especially circulating paper money.
Currency and money are synonyms, as they both refer to a medium of exchange used in transactions. They are not antonyms or homophones.
No, currency is not considered a security. Securities are financial instruments that represent ownership or debt, such as stocks or bonds, while currency is a medium of exchange used for transactions.
Megabytes money is a medium of exchange , frequently replacing currency and checks as a system of payments .