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currency vs unit of currency

Both 'currency' and 'unit of currency' are correct phrases, but they are used in different contexts. 'Currency' is a more common and general term referring to the money system of a country or region, while 'unit of currency' is used when specifying a particular denomination or type of money within that system.

Last updated: March 15, 2024 • 872 views

currency

This phrase is correct and commonly used in English.

The term 'currency' refers to the money system of a country or region, including banknotes and coins used as a medium of exchange.

Examples:

The euro is the currency used in many European countries.
I need to exchange my currency for dollars before traveling to the US.

Show examples from the web [+]

The XE Currency Converter includes a currency converter, cross-rate table, and forex news to keep you up-to-date on your favorite currency pair. Visit the ...
Currency Converter. Currency Converter. Historical Exchange Rates · Live Exchange ... Currency I Have: Currency I Want: Favorites. EuroEUR. US Dollar USD.
Currency Converter. Majors · European Crosses · Yen Crosses · Asia Pacific · Emerging Markets · Skandi · Currency Converter ... Type a country or currency.
Change Currency Calculator base currency. Argentine Peso · Australian Dollar · Bahraini Dinar · Botswana Pula · Brazilian Real · Bruneian Dollar · Bulgarian ...

Alternatives:

money
cash
legal tender
foreign exchange

unit of currency

This phrase is correct but less commonly used in everyday language.

'Unit of currency' is used when specifying a particular denomination or type of money within a currency system.

Examples:

The dollar is the unit of currency in the United States.
The yen is the unit of currency in Japan.

Show examples from the web [+]

... for the muslim nations. Iran-Malaysia Emphasized on an Islamic Unit of Currency by Moj News Agency (Tehran, Iran) · More results ▻. Dictionary browser ?
... on establishing a unit currency for the muslim nations. Iran-Malaysia Emphasized on an Islamic Unit of Currency by Moj News Agency (Tehran, Iran).
... a now-abstract unit of currency used sometimes in accounting. In the United States, it is a notional unit equivalent to 1⁄1000 of a United States dollar (a tenth of ...
The Costa Rican unit of currency is the colón. Named after Christopher Columbus, the first European to visit Costa Rica, the colón has a value that fluctuates ...

Alternatives:

denomination of money
monetary unit
currency denomination
specific currency

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