what is the difference between currency and notes.?

Question

how does it effect the country's economic condition.

Answer 1

curreny is like cash, notes are paper wealth that you buy that comes with a gurantee of a certain % of interest return.

Answer 2

the dictionary meaning of currency is money in use in the country while note means written promise of payment the doubt which i feel you have can be cleared by looking at the fact that currency is sub-categorised as currency notes and currency coins.

it brutally affects the country's economic condition as it is the source to compare the economic level of two or more countries ex,
one dollar is currently equal to 46.56 rupees showing american economy is stonger than indian

Answer 3

A Currency is money like bills, coins use in the country....while Notes is like paper with value or barebonds use in exchange.

Answer 4

Currencies are use for legal tender, while notes or banknotes are issued by banks for payment of money owed. The value of a country's currency is based on the US dollar($).

Answer 5

Currency is the amperage, not the voltage that runs through different electrical components and wiring. You can change the voltage, yet maintain the same current.

Notes are musical and have nothing to do with electrical components.

Answer 6

Currency is all forms of money--paper and coins. Notes are just the paper money.

Answer 7

Currency is money. Notes are promises to pay which can also be money due to their status as negotiable instruments.

Answer 8

currency encompasses all monies, Notes are specifically paper money