Thursday, July 2, 2015

Term of the Day: National Currency

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July 2, 2015
National Currency

The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is usually the predominant currency used for most financial transactions in that country.

Investopedia Explains:

A handful of national currencies such as the U.S. dollar and the euro have achieved global status as reserve currencies and are extensively used in...

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