Cryptocurrency Q&A
What is a physical currency?
What is a physical currency?
DigitalLegend
Mon Nov 18 2024
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6 answers
1296
I'm trying to understand the concept of a physical currency. Could someone explain what it is and how it differs from other forms of currency?
6 answers
HanjiHandiwork
Wed Nov 20 2024
Currency represents the physical money in circulation within an economy.
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Martino
Wed Nov 20 2024
It is comprised of coins and paper notes that are widely accepted as a medium of exchange.
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henry_harrison_philosopher
Tue Nov 19 2024
However, currency only constitutes a fraction of the total money supply in an economy.
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Claudio
Tue Nov 19 2024
The majority of the money supply exists in the form of credit, which is an agreement to pay a certain amount of money at a later date.
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Tommaso
Tue Nov 19 2024
Electronic entries in financial ledgers also play a significant role in the money supply, representing digital forms of currency and credit.
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