paper money

Paper money is a type of currency made from specially designed paper, issued by a government or central bank, serving as a widely accepted medium of exchange. It represents a promise to pay a certain amount of value, backed by the issuing authority, facilitating transactions without needing to carry precious metals. Its authenticity is protected through security features like holograms, watermarks, and special inks. Paper money simplifies trade and commerce, providing a convenient, portable, and measurable standard of value that underpins modern economies.