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High value foreign currencies can include China currency or Japanese currency. Things like misprinted currency or limited release batches will be higher in value than common types. Pieces in better condition will be more valuable than heavily worn currency items.

For US dollars, the symbol '$' is sufficient abbreviation, unless there is a mixture of dollar currencies in the text. For other dollar currencies, '$' should be prefixed with the country abbreviation. For all other currencies, write the figure first followed by the currency name, for example, '100 million yuan'.

When a country introduces a new currency, normally only one institution--generally the central bank--is given authority to issue of the currency. This, in effect, gives the central bank the power to set either the quantity or the price of the currency.

If a contract between parties from different countries refers to a currency that uses the dollar sign, using a currency code or a suitably modified currency sign, such as A$ for Australian dollars and Mex$ for Mexican pesos, would make it clear which currency is being referred to.

Functions of Money A medium of exchange. A standard of deferred payment. A store of wealth. A measure of value.

Currency is a medium of exchange for goods and services. In short, it's money, in the form of paper and coins, usually issued by a government and generally accepted at its face value as a method of payment.

The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money.

The qualities of good money are: General acceptability. Portability. Durability. Divisibility. Homogeneity. Cognizability. Stability.

The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money. Money whose value comes from a commodity of which it is made is known as commodity money.

Money serves four basic functions: it is a unit of account, it's a store of value, it is a medium of exchange and finally, it is a standard of deferred payment.