Economy
A fictional system of currency is used by the wizards of the United Kingdom. The currency uses only coins as the units of account. It is based on three types of coin; in order of decreasing value, the gold Galleon, the silver Sickle, and the bronze Knut. Wizarding banks provide money-changing services for those with Muggle currency. The only reference to a bank in Harry Potter is Gringotts, which is located on Diagon Alley in London and has hundreds of vaults. In these vaults, a person can keep whatever he or she wants (like a security vault). Hagrid indicates that wizards have "just the one" bank.
Read more about this topic: Harry Potter Universe
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)