Currency
February 21, 08 by FinanceTurf
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A currency is a unit of exchange, facilitating the transfer of goods and/or services.
It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value.
A currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates, which are the prices at which currencies can be exchanged against each other.
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Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime.
In common usage, currency sometimes refers to only paper money, as in coins and currency.
Coins and paper money are both forms of currency.
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