Currency refers to a specific form of money that is widely accepted as a medium of exchange within a particular country or region. It serves as a means to facilitate economic transactions, allowing individuals, businesses, and governments to buy, sell, and trade goods and services. Currency typically takes the form of banknotes and coins that are issued and regulated by the governing authority of the respective country.
Currency Symbol:
Each currency has its own unique symbol or abbreviation that represents its value. For example:
- The symbol for the United States dollar is $.
- The symbol for the Euro is €.
- The symbol for the British pound is £.
- The symbol for the Japanese yen is ¥.
These symbols are internationally recognized and commonly used in financial transactions and currency exchange.