Q.Write a short note on: Currency

Currency is the stock of paper notes and coins issued by the central bank and the government which serves as legal tender and circulates as cash in the economy. It forms the currency component of the money supply held by the public.

Meaning

Currency is money in the form of paper notes and metallic coins that is in actual circulation in a country. In India, currency notes are issued by the Reserve Bank of India and coins and one-rupee notes are issued by the Government of India.

• Currency is legal tender, which means it must be accepted in payment of debts and dues.
• It is the most liquid form of money and is used by people for day-to-day transactions. …