As of Dec. 23, 2014, the currency used in Ecuador is the United States Dollar. Prior to this transition, the Ecuadorian currency was called the sucre, which was named after a revolutionary war hero named Antonio Jose de ... More »

The name of Ancient Roman currency depended on the coin's metal, collectively called aes; a bronze coin was an as, a silver coin was a denarius and a gold coin was an aureus. Ancient Romans also used copper alloy coins c... More »

The earliest Roman currency was a bronze coin called the as. It weighed as much as a Roman pound, about 335.9 grams. Around 187 B.C. a silver coin called the denarius was introduced. During the Second Punic War (218 to 2... More »

The formula for monetary base is MB (monetary base) equals current bank reserves added to liquid currency, or MB = R + C. Liquid currency is the amount of money at hand, and bank reserves are money in the banks. More »

Medieval currency was divided among numerous regional denominations of cash and account money, which was used exclusively for calculating large transactions and did not exist in any physical form. According to Boise Stat... More »

Gold Silver explains that the most significant difference between money and currency is that currency does not have consistent value. Currency is used as a physical representation of value that changes over time and vari... More »

A money transfer exchange rate is the amount the currency of one country can be exchanged for in another country. In other words, it is the amount of one currency that can be bought using a given amount of a different cu... More »

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