Question

How do money and currency relate?

Answer 1

Currency is the physical money in an economy, comprising the coins and paper notes in circulation. Currency makes up just a small amount of the overall money supply, much of which exists as credit money or electronic entries in financial ledgers.

Answer 2

Step-by-step explanation:

The main purpose of a nation is its welfare. Government makes social and economic plans/ policies to encourage economic growth and development.

In order to control the rate of inflation and increase the gross domestic product it is important to start off projects; both domestic and international. It would increase the productivity of labour and there would be stable balance of payments and balance of trade.

As a whole, this would increase the per capita income of the country. This would improve their living standards.