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Economists differentiate among three different types of money: commodity money, fiat money, and bank money. Commodity money is a good whose value serves as the value of money. Gold coins are an example of commodity money. In most countries, commodity money has been replaced with fiat money.

A forward exchange contract (FEC) is an agreement between two parties to effect a currency transaction, usually involving a currency pair not readily accessible on forex markets.

A Certificate of Currency (CoC) is proof that you hold a current insurance policy and includes the details and expiry of the policy.

Exchange Certificate means a Common Security Certificate or an Exchange Capital Security Certificate.

What Currency Does Canada / Quebec Use? Legal tender is the Canadian dollar, which divides into 100 cents. Bills come in the following denominations: 5, 10, 20, 50 and 100 dollars. The coins in use are of the following denominations: 5, 10 and 25 cents, as well as one and two dollars.

A global currency certificate fixes the future currency exchange rate for a transaction. It gives the right to convert a specified amount of one currency into another currency at the fixed rate. The holder can do this up to a set expiration date. These certificates are often used in international trade.

It is based on independent assessments of a provider's ability to deliver secure and reliable services, to protect the rights of consumers and to combat money laundering and the financing of terrorism. These efforts are measured against global industry best practice.

KEY FEATURES Supports More than 180 Global Currencies. Real-time Price Updates Every Minute. Currency Rate Comparison for Multiple Currencies. Easy & Intuitive Interface for Quick Review of Market Prices. Dynamic Search Features for Discovering Currency Rates. Watch List Features to Enlist Favorite Currencies.