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A currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates, which are the prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime.
In common usage, currency sometimes refers to only paper money, as in coins and currency, but this is misleading. Coins and paper money are both forms of currency.
|This page uses content from Wikipedia. The original article was at Currency. The list of authors can be seen in the page history. As with the India Wikia, the text of Wikipedia is available under the GNU Free Documentation License.|