Currency And Its Characteristics
Introduction
Currency is the legal tender used in an economy for the purpose of transactions. It includes physical forms such as coins and banknotes issued by a government or central bank. Currency is essential for facilitating trade, enabling people to purchase goods and services and settle debts. It is a tangible representation of money in everyday use. Currency used to convey money, but from the 1970s, nations moved away from currency that convey money to Fiat Currency. Contemporary currencies may be fiat or crypto currencies
Characteristics of Currency
