currency

Meanings

• noun

  A system of money in circulation, consisting of physical units or coins and notes, as well as digital units in a bank's reserve, that can be used as a medium of exchange, a unit of account, and a store of value.

  - "The US dollar is the most widely used currency in international trade."
  - "The value of the euro against the dollar fluctuates daily."

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Pronunciation

1. /ˈkɝ.ən.si/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=1755133"

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Rhymes

Words rhyming with currency
urn , urne , turn,urned , churn , furn , burn , urned , earn , learn , concern , furnace , lerned

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Variants

List of all variants of currency that leads to same result
currencies , currency , fractional currencies , fractional currency , hard currency

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin 'currere,' meaning 'to run,' possibly due to the coins being carried from place to place.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The world's first paper money was issued in China during the Tang Dynasty (618-907 AD).

2. The smallest denomination of the Canadian dollar is 1 cent, known as a penny, although they are no longer minted in 2013.

3. The largest banknote in the world is the 100 trillion Zimbabwean dollar note, which was issued in 2009 and is virtually worthless due to hyperinflation.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Money: Currency is a specific form of money, which can be physical or digital.

2. Exchange rate: The value of one currency in terms of another.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Currency has been a significant part of human civilization since ancient times. It has been used as a medium of exchange, a store of value, and a unit of account in various cultures throughout history. Currency has been depicted in art, literature, and music, and has played a crucial role in the development of economies and trade.

How to Memorize "currency"

1. visualize
   

   - Imagine a pile of coins or a stack of banknotes representing the currency.
   - Visualize the exchange of currency between two parties in a transaction.

2. associate
   

   - Associate the currency with its country or region.
   - Link the currency to its symbol, such as the dollar sign ($) for the US dollar.

3. mnemonics
   

   - Use the acronym 'CENTS' to remember the US currency symbols: C for cents, E for the eagle on the reverse side of the dollar coin, N for the nickel, T for the ten-cent piece, and S for the silver dollar.

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