Explain the Meaning of 'Currency'. - Social Science

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Explain the meaning of 'Currency'.

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Solution

Any form of money that is approved by the government and used by the public for trading is known as currency. It can be soft money in the form of rupees or hard money in the form of coins. Every country has its own currency. For example, the currency of India is Rupees.

Concept: Role of Money in an Economy
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