Currency is term designating all the circulating media of exchange of a country. In this sense, a currency includes coins and paper money. The term sometimes includes credit instruments. Coins are generally designated as metallic currency, and paper money and credit instruments, as paper currency. Further distinctions are made in the latter classification: Government notes are called government currency; bank notes are designated as bank currency; and checks drawn on bank deposits are called deposit …
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showed last 75 words of 1447 total
…S. currency would be redesigned to incorporate a new series of counterfeit deterrents. The newly designed $20 are now being issued. The new $50 were issued in 1997 and the new $100 notes were issued in 1996. New $10, $5, $1 bills and a new $1 coin are to be introduced in the future. Bibliography 1. <Tab/>Compton's Interactive Encyclopedia 1996 2. <Tab/>www.treas.gov 3. <Tab/>All About Money, William H. Morrison; Doubleday Press; 1996