Currency is the paper money (such as dollar bills) and coins.
Currency refers the coins and paper money spent to purchase things; represents about 20-25 percent of the total M1 money supply. Cashier’s checks, money orders, and traveler’s checks are also considered currency.
Webster Dictionary Meaning
1. Currency- A continued or uninterrupted course or flow like that of a stream; as, the currency of time.
- The state or quality of being current; general acceptance or reception; a passing from person to person, or from hand to hand; circulation; as, a report has had a long or general currency; the currency of bank notes.
- That which is in circulation, or is given and taken as having or representing value; as, the currency of a country; a specie currency; esp., government or bank notes circulating as a substitute for metallic money.
- Fluency; readiness of utterance.
- Current value; general estimation; the rate at which anything is generally valued.
Category: Banking & Finance
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