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TeachMeFinance.com - explain currency
currency -- coins and paper money, which circulate as a legal medium of exchange.
historic definition...
Currency -- That which is in general use and circulation as
money; see Money.
Currency, however, is commonly construed as paper money,
whether United States notes (greenbacks), gold certificates,
silver certificates, Treasury notes (silver-purchase notes) or
bank notes.
Coins of a denomination less than $1 are designated as fractional
currency.
About the author
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Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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Copyright © 2005 by Mark McCracken, All Rights Reserved.
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