inconvertible currency
Definition
A type of currency that cannot be converted into gold, silver or any other unit of account held by a government's central bank (here called physical inconvertibility), or a currency that cannot be exchanged at a financial institution for the value of that currency in that institution's assets.
 Cite this definition
Related Research Articles from the InvestorGuide.com University
Introduction to Banking
Learn about the basics of banking, as well as alternatives to banks, such as credit unions, brokerages and mutual funds.
Online Banking
How can you find the best online bank for you? Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others. Here we look at some things you should consider when you choose an online bank, including account access, security, online bill paying, account aggregation and fees.
Choosing a Bank
Learn how to choose the best bank for you. Compare features like interest rates, convenience, FDIC membership, size, and minimum deposit. Compare services like direct deposit, ATMs, online banking, credit cards and debit cards.
Featured Sponsor
|
|
