Search results
Results From The WOW.Com Content Network
Another theory holds that the Hanseatic League was the origin of its definition, manufacture, and name: ... £1,000 [19] Coins: 1 ⁄ 4 d; 1 ⁄ 2 ... 240 of them ...
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
[1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3] Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies.
Another choice of name is some form of derivative of the political entity. The Afghan afghani and European euro fall into this category. Sometimes the name is simply the name of the metal of which the coins were or are made, such as Polish złoty ("golden") and Vietnamese đồng ("copper"), or its geographical origin, e.g. Joachimsthaler (see ...
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. [ 1 ] [ 2 ] [ 3 ] The primary functions which distinguish money are: medium of exchange , a unit of account , a store of value and sometimes, a standard of ...
For example, the euro sign € is based on ϵ, an archaic form of the Greek epsilon, to represent Europe; [4] the Indian rupee sign ₹ is a blend of the Latin letter 'R' with the Devanagari letter र ; [5] and the Russian Ruble sign ₽ is based on Р (the Cyrillic capital letter 'er').
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.