Currency

A contract about the exchange rights corresponding to the equivalent of labor

"Money" is the product of commodity exchange. Commodities that are separated from the commodity world in the process and serve as general equivalents are a type of currency. Commonly known as money.

Currency is a tool for measuring prices, a medium for purchasing goods, and a means for preserving wealth. It is a contract between property owners and the market regarding exchange rights. It is essentially an agreement between owners. Including currency in circulation, bank notes, etc.

Basic Meaning

There is still considerable debate about the nature of money. There are various concepts of currency in economics. Initially, it was defined based on the function of currency, and later it was defined as an economic variable or policy variable. Traditionally, the main definitions of currency include the following:

Items generally accepted by people to pay for goods, services and debts;

Serving as a medium of exchange, value, storage, and price standards and items with deferred payment standards;

Excess supply or demand will cause excess demand for other assets or supply assets;

A temporary home for purchasing power;

No need Payment of interest as a liquid asset of public net wealth;

The largest liquid asset related to national income, etc.;