Finding:
Freebase
searching
Factz
searching
Articles
searching
Local currency
freebase
help| In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area. These currencies are also referred to as community currency. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse. Free banking provides the... Read enhanced Wikipedia article |
-
close
Local currency
Network of German local currencies ... Ithaca Hours An example of a local currency system functioning in the US. -
close
Currency
Advocates of the old system of Free Banking repealed central banking laws, or slowed down the adoption of restrictions on local currency. -
close
Monetary policy
With the advent of larger trading networks came the ability to set the price between gold and silver, and the price of the local currency to foreign currencies. -
close
Alternative currency
LETS, an example of Mutual credit, is a type of local currency used in a number of small communities worldwide. -
close
Complementary currency
Complementary community currency (CCC) is a hypernym (superordinate) of local currency (also referred to as community currency) and sectoral currency. -
close
Hard currency
In some cases, an economy may choose to abandon local currency altogether and adopt a hard currency as legal tender. -
close
Hyperinflation
The general population regards monetary amounts not in terms of the local currency but in terms of a relatively stable foreign currency. -
close
Dynamic currency conversion
When cardholders are not given the option to choose the local currency until they are handed the slip to sign, this entails a tough situation. -
close
World currency
A world currency is at one extreme of a conceptual spectrum that has local currency at the other extreme. -
close
1997 Asian Financial Crisis
Monetary authorities spent more than US$1 billion to defend the local currency.
Explore the following pages on Powerset:
parse:article:Local\scurrency
Local currency