Discover what a national currency is, how it functions as legal tender, and its role in global trade and economic stability. Learn how currencies like the U.S. Dollar influence economies.

Currency is a medium of exchange for goods and services. In industrialized nations, currency primarily consists of bank notes and government-issued paper money and coins. In less-developed societies, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

What is a base currency? A base currency is the first currency that appears in a forex pair quotation. In the foreign exchange market, one currency will always be quoted in relation to another because ...

Fiat currency is backed by government resources, not physical assets like gold. Fiat allows flexible money supply management, aiding economic stability. Political instability and mismanagement can ...

Currency depreciation is the decline of a currency’s value relative to another currency. It specifically refers to currencies in a floating exchange rate – a system in which a currency’s value is set ...