In daily use, the currency is referred to as a notes and coins in circulation a country with such legal tender status ringgit; and also in various forms of financial deposit accounts such as savings accounts, current accounts and certificates of deposit. In the modern economy, the currency is the smallest component of the money supply.
Currency does not have the right but is used as a measure of value becomes a convenient alternative to the barter system. Without currency, the economic system becomes inefficient because barter system requires the simultaneous needs of those who want to change things, and consent that the exchange value of these products shall be equal before barter exchange takes place. With currency, one only has to pay the currency to the seller to obtain the goods concerned. Sellers can also use the currency to get the goods it needs.
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