Majandusvaluuta
Majandusvaluuta refers to the medium of exchange used within an economic system. It is the generally accepted item that facilitates transactions for goods and services. In most modern economies, this role is fulfilled by fiat money, which derives its value from government decree rather than intrinsic worth. Historically, various forms of currency have been used, including commodity money such as precious metals (gold, silver) or shells, and representative money, which was backed by a claim on a commodity.
The primary functions of economic currency are to serve as a unit of account, a store of
The management and issuance of economic currency are typically the responsibility of a country's central bank.