Private Currency Vs. Private Money
Private currency is the opposite of the fiat currency while private money, in monetary economics, is the money supply created by private/commercial bank; in business, is the finance source other than bank.
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Famous quotes containing the words private, currency and/or money:
“Ultimately Warhol’s private moral reference was to the supreme kitsch of the Catholic church.”
—Allen Ginsberg (b. 1926)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“Let us more and more insist on raising funds of love, of kindness, of understanding, of peace. Money will come if we seek first the Kingdom of God—the rest will be given.”
—Mother Teresa (b. 1910)