Money makes the world go around. Money is a government-issued commodity accepted by the public as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
World currencies
All around the world different countries use different types of money. Many countries have their own money. This money is backed by the government and is usually called "legal tender." Legal tender is money that must be accepted as a form of payment in that country.
Although there are many different types of money throughout the world, there are some major world currencies that are accepted or used in several different regions and countries. We describe some of these below: British Pound Sterling- The British pound is the official currency of the United Kingdom. It is currently the fourth most traded currency in the world. U.S. Dollar - The U.S. dollar is the official currency of the United States. It is the most used currency in international transactions. There are other countries (i.e., Ecuador and Panama) who use the U.S. dollar as their official currency as well. European Euro - The Euro is the official currency of the European Union. Many of the countries in the European Union use the Euro as their official currency (not all of them do, such as Denmark and the United Kingdom). Japanese Yen - The Japanese Yen is the official currency of Japan. It is the third most traded currency in the world.
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