The Currency

Currency is a medium of exchange used to buy goods and services. It includes coins, paper money, and digital forms like bank account balances. Currency simplifies trade by providing a common standard of value, enabling people to exchange value efficiently. Its value is generally backed by government authority and national economy, functioning as a trusted and accepted means of payment. Currency also acts as a store of value and unit of account, helping individuals and businesses plan and compare worth over time. Its stability and acceptance are crucial for economic activity and growth.