Currency

Subject: Social Studies and Population Education

Overview

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Things to remember
  • A system of money in common use especially in a nation is called currency.
  • People used to exchange the goods and services without using medium of exchange, such as money. This system is known as batar system.
  • The currency of America is called Dollar.
  • The batar system became uneffective with the increment of the economic activities. 
  • Foreign currency can also be earned by working in foreign lands. 
  • The foreign currency is essential to import goods from foreign countries. 

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