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Currency: Definition, Usage, and Common Examples (2 meaning)

Meaning 1:official money (currency)

currency 🔊
/ˈkɜːrənsi/
n.
The type of money that is officially used in a country, like dollars, euros, or yen.
Currency as money: close-up of various international banknotes and coins on a table.
official money 🔊
/əˈfɪʃəl ˈmʌni/
n.
Refers to the money that is legally used as a medium of exchange in a specific country or region.
📁 Category:Social Economy 🔖 Level:beginner

📘 Details & Usage

📖 Root Explanation
From Latin 'currere' meaning 'to run', referring to money that circulates.
💡 Mnemonic
Think of 'current' money that flows like a current.
📖 Example
When traveling abroad, it's important to check the exchange rate for the local currency. 🔊 When going to another country, you should find out the conversion rate for the money used there.
🔗 Collocations
foreign currency – money from another country
digital currency – electronic form of money, like Bitcoin
currency exchange – the service of converting one money type to another
🔄 Synonyms
money (n.) – a medium of exchange for goods and services
cash (n.) – physical money in the form of coins or banknotes
legal tender (n.) – money that must be accepted as payment for debts
🚫 Antonyms
barter (n.) – exchange of goods without using money
📖 Cultural Story
Derived from Latin 'currere' (to run), reflecting how money circulates in an economy. It gained prominence with the rise of national monetary systems in the 17th century.

Meaning 2:widespread acceptance (currency)

currency 🔊
/ˈkɜːrənsi/
n.
When an idea, style, or practice is widely accepted or used by many people at a particular time.
Currency as acceptance: group of people sharing popular ideas and styles in a park.
widespread acceptance 🔊
/ˈwaɪdspred əkˈseptəns/
n.
Describes when an idea, style, or practice becomes commonly accepted or popular in a society.
📁 Category:Culture & History 🔖 Level:intermediate

📘 Details & Usage

📖 Example
The trend for sustainable living has gained currency among young people in recent years. 🔊 The movement towards eco-friendly lifestyles has become widely accepted by youth lately.
🔗 Collocations
gain currency – become widely accepted or popular
lose currency – become less accepted or outdated
cultural currency – the value or popularity of an idea within a culture
🔄 Synonyms
popularity (n.) – the state of being liked or supported by many people
acceptance (n.) – the act of agreeing or approving something
vogue (n.) – the current fashion or trend
🚫 Antonyms
obscurity (n.) – the state of being unknown or unnoticed
rejection (n.) – the act of refusing to accept something
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