concept   currency
16 commonsense assertions
Cultures (16) • Japan (1) • Europe (1) • United States (1) • modern Western societies (1) • South Korea (1) • Barter-based societies (1) • China (1) • historical civilizations (1) • African societies (1) • Modern economies (1) • Iceland (1) • International perspective (1) • historical researchers (1) • historical societies (1) • mainstream societies (1) • modern societies (1)
# Concept Culture Statement Freq.
1 currency Japan In Japan, cash is common but electronic and mobile payments are also popular, with an emphasis on cleanliness and neatness. 10
2 currency Europe Europe uses paper bills, metal coins, and digital transactions as common forms of currency and payment. 9
3 currency United States In the United States, paper bills and metal coins are commonly used for everyday transactions. 9
4 currency modern Western societies Currency in modern Western societies is based on fiat money, electronic transactions, and historically, precious metals like gold and silver. 9
5 currency South Korea In South Korea, cashless transactions are preferred over paper currency, using mobile payments and contactless cards. 8
6 currency Barter-based societies In barter-based societies, trading goods and commodities is more common than using paper currency. 4
7 currency China China embraces digital payments while regulating digital currencies to mitigate potential risks to traditional banking. 4
8 currency historical civilizations Historical civilizations used precious metals for currency, while modern society relies on fiat money. 3
9 currency African societies Currency types and their impact on government control and financial stability are significant in African societies. 2
10 currency Modern economies Modern economies use government-issued banknotes and coins as currency. 2
11 currency Iceland Icelandic culture favors cashless payments over physical currency. 1
12 currency International perspective The value of currency fluctuates based on global market trends and geopolitical events. 1
13 currency historical researchers Historical researchers study the evolution and impact of currency on historical economies. 1
14 currency historical societies Bartering and trade of goods was the primary form of exchange in historical societies, with some using shells, beads, or other items as currency. 1
15 currency mainstream societies Currency is an essential part of mainstream societies, serving as a widely accepted medium of exchange and a store of value. 1
16 currency modern societies In modern societies, currency is commonly represented by coins and paper money. 1