Whenever we want to purchase something, we pull out cash. Cash or money is currency. It is different in every single country. The currency in the United States of America is dollars, the currency in the United Kingdom would be (Great Britain Sterling) Pounds, and the currency in India is rupees, I am sure you get the picture. Without currency, our lives would crumble into 1 million pieces. Currency refers to paper or money, which is in the form of paper and even coins which are in circulation and keep the world running. Without money and currency, our world will STOP WORKING. The world cannot function without money, and that is a sad truth. Currency is something that is indeed a small piece of the monetary economy but plays and an essential and integral role in it.
You cannot do anything without currency. I am sure you know that. Most of the money exists nowadays as credit money or even in electronic forms. It is in banks and financial institutions. The bread and butter of every single day transactions would be a currency. Without currency, it just wouldn’t work.
How can you hope to grow your business without currency? Your business needs capital to grow. Your business needs capital to pay your employees. You need currency to live your life.
Money is like water; humans in a civilised society cannot survive without it.
Currency actually makes up a decent amount of the entire money supply. The value of currency actually keeps changing everywhere.
For example, Currently, one American dollar is worth 75 Indian rupees. One GBP is worth 95 Indian rupees.
GBP, Rupees and Dollar are currencies. They are some of the most talked-about currencies in the world.
By accepting or giving out currency, a merchant can actually sell their goods or receive goods and have a convenient trade. When you purchase something, you are trading currency for a particular product. Without this kind of activity, our everyday life cannot happen. Even if you want to go to university, you have to pay the university a certain sum of money to receive their education and stay at the university.
If we are talking about businesses, and if you are a business owner, you know how important money is to run a business. Without money or currency, it is virtually impossible to get anything done, much less grow your business. There are so many expenses, when it comes to handling a business. All of these expenses are incurred because of the functioning of a business. The functioning of a business requires a decent amount of capital. Capital is invested by investors. Investors make use of currency/money to do so.