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Article: Currency
- Article from:
- Gale Encyclopedia of U.S. Economic History
CopyrightCOPYRIGHT 1999 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CURRENCY
Currency refers to money in any form, either paper or coin, as long as it is in "current" use to pay for goods and services. Although it may have collector's value, money that is no longer accepted for payment, such as coins from ancient Rome, is no longer considered currency. Economists sometimes use the term currency in ...