How many currencies are there currently on earth?
Every country has its own currency, and there are many global currencies such as the US dollar, the euro, and the Chinese yuan.
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An economy (from Greek οίκος – “household” and νέμoμαι – “manage”) is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, ‘The economy is defined as a social domain that emphasises the practices, discourses, and material expressions associated with the production, use, and management of resources’. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.
Every country has its own currency, and there are many global currencies such as the US dollar, the euro, and the Chinese yuan.
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