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A currency refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. [1] [2] A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. [3]
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
There may also be a connection with spondylo-, a prefix which means spine or vertebrae, based on the similarity between a stack of coins and a spine. This is referenced in an 1867 book by John Mitchell Bonnell [ 3 ] and quotes etymologist Michael Quinion's correspondence with a Doug Wilson linking the spine to piled coins; thus "Spondulics ...
According to a blog post on the Altier Rare Coins website, this “accidental creation” has propelled the 1937-D Buffalo Nickel into the “spotlight of the most sought-after and most expensive ...
A coin that has been graded and authenticated by one of numerous independent grading services. [1] See also encapsulated coin. chop-mark See banker's mark. church tokens. Also called Communion tokens. Tokens generally issued initially by Scottish parishes (die stamped one-side only to show the parish) and later in the United States and Canada.
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around. Check out the slideshow above to discover if any of the coins you've collected could rake in ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...