Money & Currency Vocabulary

A collection of vocabulary flashcards defining terms related to money, banking, and currency systems.

Coin

A small, flat, round piece of metal used as money.

Money

A current medium of exchange in the form of coins and banknotes.

Currency

A system of money in general use in a particular country.

Paper currency / Paper money

Money in the form of banknotes rather than coins.

Plastic notes

Banknotes made from polymer materials rather than paper.

Monetary system

The set of institutions and rules by which a government provides and manages money in a country's economy.

Intrinsic value

The actual value of the material that an object is made of, independent of its face value.

Actual value

The real worth or market value of an item.

Face value

The value printed or depicted on a coin or banknote.

Denomination

The face value of a specific banknote, coin, or postage stamp.

Change

Money in the form of coins rather than notes, or the amount returned after a payment.

Electronic credits

Entries in an electronic account representing money added to the balance.

Electronic debits

Entries in an electronic account representing money withdrawn or owed.

Credit

An entry recording a sum received or an addition to an account.

Debit

An entry recording an amount owed or a deduction from an account.

Payment

The act or process of paying for goods or services.

Issuing state

The specific nation or government that officially creates and releases its own currency.

Standard currency

The primary form of money used as the official basis for a country's monetary system.

Electronic payment

A transaction performed digitally using electronic signals rather than physical cash.

Issue coins

The official act of producing and releasing metal currency into circulation.

International currency

A type of money that is widely used and accepted for transactions across national borders.

Currency standard

The fundamental value or basis defined for a monetary system.

Legal currency

Money that is officially recognized and authorized by laws to settle debts and transactions.