Currency: Fundamentals and Functions

This text is designed to establish an understanding of the fundamentals of currency. It provides a cursory overview of the international Monetary System of which currency is the core.

To enhance the readers’ foundation, the second phase of the text provides an explanation of how and why the International Monetary Fund was established. That formation is tracked from initial formation of a fixed par value to our modern day system of floating exchange rates.

With those fundamentals established, ...