Notes On Currency And Currency

1551 WordsMar 16, 20157 Pages
Reave Hosman Jim Bukre English ⅞ Burlingame High School March 15th 2015 Define: Currency Currency: cur·ren·cy /ˈkərənsē/ noun a system of money in general use in a particular country. Introduction: Money and Currency have always been a widely discussed topic, it is believed that if you understand the economy you can have anything you could ever wish for, for this reason research into my topic has been interesting. There is an abundance of information on the topic, and many sources contain individual opinions which I believe are invaluable for research such as this because it provides a perspective I would have otherwise not seen. It is widely accepted that Currency “consists only of an agreement within a community to use something as a medium exchange” and that a community no longer refers to a few hundred in a town but a few billion all spread out across the globe. Although the means in which we pay for things change as time moves on, the very nature of Currency stays the same. When discussing currency the first thought that comes to mind is cold hard cash, the very form of money that fuels our everyday lives. However, the very nature of the dollar is something beyond the scope of a simple definition, to fully understand currency we must start at a simpler level; that simple level being a LET System. A local exchange trading system; abbreviated to LETS or LETSystem is a locally initiated, democratically organised, not-for-profit community enterprise that
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