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Difference between currency and money

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Difference between currency and money
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Meghna Thapar 5 years, 7 months ago

Currency is a system of money in common use, usually in a particular country. Money is any system that can be used to pay for goods and services or repay debt. Currency is the promissory coin or note which is presented in the form of money. Currency takes the form of hard plastic or coins or says the currency notes. Money is backed by many different things for example if one possesses money in a bank account then check (kind of money) would be backed by same.

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