WORLD HISTORY

Detailed explanation-1: -The money used by people of a particular country is known as currency. Different countries have different currencies. e.g. India has indian rupees as its currency, USA has US Dollar, UK has euro, etc.

Detailed explanation-2: -Money in the form of paper or coins, issued by a government and accepted at face value, is known as currency. In bartering, goods and services were exchanged directly for other goods and services .

Detailed explanation-3: -Currency is anything that is generally accepted to have value as a medium of exchange so that it can be traded for goods and services. The trading system within an economy is based on its currency, which is usually specific to a country and issued by that country’s government.

Detailed explanation-4: -Although money can take an extraordinary variety of forms, there are really only two types of money: money that has intrinsic value and money that does not have intrinsic value. Commodity money is money that has value apart from its use as money. Mackerel in federal prisons is an example of commodity money.