Which term refers to money in circulation issued by the government?

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Multiple Choice

Which term refers to money in circulation issued by the government?

Explanation:
Currency is the money in circulation issued by the government. It includes the coins and banknotes people use in everyday transactions and is the official form of money released by the central authority. This differs from credit, which is money created when banks lend, and from revenue, which is the government’s income, not the money in circulation. Cash is the physical form of money, but currency is the standard term for the government-issued money actively used in the economy.

Currency is the money in circulation issued by the government. It includes the coins and banknotes people use in everyday transactions and is the official form of money released by the central authority. This differs from credit, which is money created when banks lend, and from revenue, which is the government’s income, not the money in circulation. Cash is the physical form of money, but currency is the standard term for the government-issued money actively used in the economy.

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