Currency

A currency is a unit of exchange, facilitating the transfer Trade

Trade is the voluntary exchange of goods [i], service [i]s, or both. ... 

 of goods and services Goods and services

In economics [i], economic output is divided into physical goods [i] and intangible service [i]s ... 

. It is a form of money Money

Economics [i] offers various definitions for money, though it is now commonly considered to be any good ... 

, where money is defined as a medium of exchange . A currency zone is a country or region in which a specific currency is the dominant medium of exchange.

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Timeline

1158   British Pound Sterling (currency) introduced 1785   The dollar is unanimously chosen as the money unit for the United States. This is the first time a nation has adopted a decimal coinage system. 1910   Australian Treasury given authority to issue currency, replacing the use of the British Pound. 1923   The hyperinflation in Germany reaches its height. One United States dollar is worth 4,200,000,000,000,000 Papiermark (4.2 quadrillion). Gustav Stresemann abolishes the old currency 1953   Currency reform causes riots in Czechoslovakia 2002   The Peseta is discontinued as the official currency of Spain and is replaced with the euro (€).

Encyclopedia

A currency is a unit of exchange, facilitating the transfer Trade

Trade is the voluntary exchange of goods [i], service [i]s, or both. ... 

 of goods and services Goods and services

In economics [i], economic output is divided into physical goods [i] and intangible service [i]s ... 

. It is a form of money Money

Economics [i] offers various definitions for money, though it is now commonly considered to be any good ... 

, where money is defined as a medium of exchange . A currency zone is a country or region in which a specific currency is the dominant medium of exchange.

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