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A currency is a unit of exchange that can be used to purchase goods and/or services. With the notable exception of the [[European Union]], most countries have a monopoly over the production and supply of their respective currencies. A currency is a unit of exchange that can be used to purchase goods and/or services. With the notable exception of the [[European Union]], most countries have a monopoly over the production and supply of their respective currencies.
-Depending on the way a country manages its currency in the [[Forex|foreign exchange market]], it can be either fixed rate or floating rate with respect to other currencies. In a fixed rate regime, the currency's value is matched to the value of another currency, a basket of currencies or some other measure of value (like [[Investing in Gold|gold)]]. In a floating rate regime, supply and demand dictates the currency's exchange rate +Depending on the way a country manages its currency in the [[Forex|foreign exchange market]], it can be either fixed rate or floating rate with respect to other currencies. In a fixed rate regime, the currency's value is matched to the value of another currency, a basket of currencies or some other measure of value (like [[Investing in Gold|gold)]]. In a floating rate regime, supply and demand dictates the currency's exchange rate.
==Currencies on Wikinvest== ==Currencies on Wikinvest==
<articlelisting category="Currency"/> <articlelisting category="Currency"/>

Revision as of 16:30, November 14, 2008


A currency is a unit of exchange that can be used to purchase goods and/or services. With the notable exception of the European Union, most countries have a monopoly over the production and supply of their respective currencies.

Depending on the way a country manages its currency in the foreign exchange market, it can be either fixed rate or floating rate with respect to other currencies. In a fixed rate regime, the currency's value is matched to the value of another currency, a basket of currencies or some other measure of value (like gold). In a floating rate regime, supply and demand dictates the currency's exchange rate.

Currencies on Wikinvest

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