definition of a currency
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currency The definition of currency is the money system used in a country, especially paper money. An example of currency is the American dollar or the Euro. pl. -·cies. a continual passing from hand to hand, as of a medium of exchange; circulation. ⌂ the money in circulation in any country; often, specif., paper money.
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- The first currency in a currency pair. In a currency exchange, the exchange rate is quoted as the units of one currency in terms of a single unit of a base currency.
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monetary unit monetary unit. the standard unit of CURRENCY that forms the basis of a country's domestic MONEY SUPPLY, e.g. the pound (UK), or dollar (USA). The monetary units of countries are related to each other for international trade and investment purposes through their EXCHANGE RATE values. See MONEY.
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currency Typically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has a perceived value and can be exchanged for other objects.ypically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has a perceived value and can be exchanged for other objects.
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monetary unit monetary unit. 1. the standard unit of value of the currency of a country, as the dollar in the U.S. and the franc in France. It consists in a method of making the monetary unit conform to any standard chosen. The livre was the old French monetary unit which was displaced by the franc.
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What is a 'Reserve Currency' DEFINITION of 'Reserve Currency'. A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign ...
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Currency The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves).
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- Save to Favorites. The total amount of paper currency, coins, and demand deposits that is held by consumers and businesses rather than by financial institutions, central banks, and the U.S. Treasury. Currency in circulation is thus the sum of currency held by the public, and is a component of a bank's reserves. It is an important factor that the Federal Open Market Committee takes into account when setting the money supply, since a decline in the currency in circulation means that banks don't have as many demand deposits in their reserve.
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Currency Appreciation & Depreciation: Effects of Exchange Rate Changes To review quickly, an exchange rate is the rate at which one country's currency can be traded for another country's currency. For example, in the United States, the dollar's strength is often judged in relation to other currencies, such as the Japanese yen, the Swiss franc, and the euro.
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currency Any form of money that is in public circulation. Currency includes both hard money (coins) and soft money (paper money). Typically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has a perceived value and can be exchanged for other objects.
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- A shakeel currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency.he reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency.
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- Bus Companies, Stations & Stops. Bus Companies: Austin to Houston bus tickets are provided by Greyhound. Conveniently search for buses thanks to Busbud's comprehensive list of Greyhound Austin Houston bus fares and schedules.
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currency cur·ren·cy. (kûr′ən-sē, kŭr′-) n. pl. cur·ren·cies. 1. Money in any form when in actual use as a medium of exchange, especially circulating paper money. 2. Transmission from person to person as a medium of exchange; circulation: coins now in currency. 3. General acceptance or use; prevalence: the currency of a slang term.
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Money In economics, money is a broad term that refers to any financial instrument that can fulfill the functions of money (detailed above). These financial instruments together are collectively referred to as the money supply of an economy.
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DEFINITION of 'PEN' In currencies, this is the abbreviation for the Solomon Islands Dollar. The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
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- DEFINITION of 'Exchange Rate'. The price of a nation’s currency in terms of another currency. An exchange rate thus has two components, the domestic currency and a foreign currency, and can be quoted either directly or indirectly. In a direct quotation, the price of a unit of foreign currency is expressed in terms of the domestic currency.
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monetary unit monetary unit. one of the units of CURRENCY used in a country as the basis of payments and lending and borrowing transactions. The units of currency used in the UK, for example, are pounds and pence, while in the USA they are the dollar and cent.
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exchange rate exchange rate. The price of one currency expressed in terms of another currency. For example, if the U.S. dollar buys 1.40 Canadian dollars, the exchange rate is 1.4 to 1. Changes in exchange rates have significant effects on the profits of multinational corporations.he value of two currencies relative to each other. For example, on a given day, one may trade one U.S. dollar for a certain number of British pounds. A currency's exchange rates may be floating (that is, they may change from day to day) or they may be pegged to another currency.
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currency a metal or paper medium of exchange that is in current use in a particular country. 2. general acceptance or circulation; prevalence: the currency of ideas. 3. the period of time during which something is valid, accepted, or in force.
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What is a 'Currency Exchange' A business that allows customers to exchange one currency for another currency. A currency exchange may be a stand-alone business or may be part of the services offered by a bank or other financial institution.
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A Beginner's Guide to Defining What Money Is By Mike Moffatt. Definition: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third.
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DEFINITION of 'Currency Union' A group of countries (or regions) using a common currency. For example, in 1979, eight European countries created the European Monetary System (EMS). This system consisted of mutually fixed exchange rates between these countries.
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currency in circulation Definition of currency in circulation: The total amount of paper currency, coins, and demand deposits that is held by consumers and businesses rather...
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What is 'Currency' Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy.
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money A commodity, asset, or (most commonly) currency that may be exchanged for goods and services. Usually, the domestic government issues its own money and provides penalties to persons and businesses in its jurisdiction that do not accept it.
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DEFINITION of 'Federal Reserve Bank Of Dallas' A currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign ... currency reserve is a currency that is held in large amounts by governments and other institutions as part of their foreign ...