Information Age - Currency
Information about the various forms of currency in the Information Age.
Currency
Currency has various forms in different Realms. The following section will outline the most commonly used Currencies in Information Age Realms
Table of Currency
| Coin Type | Value |
|---|---|
| Copper Coins | 100 Copper = 1 Silver |
| Silver Coins | 100 Silver = 1 Gold |
| Dollars Bills | 1 Dollar = 10 Silver |
| Gold Coins | 1 Gold = 100 Silver, 10 Dollars or 1,000 Copper |
| Bank Notes | Varies |
Dollars
A common form of currency in the current age. Paper money that allows various sums of fiat currency to be quickly transferred. Dollar bills and paper currency are the preferred currency in rural areas and small towns. These bills may have different names in different regions, countries or settings, such as: Pounds, Leafs, Notes, Bills, Prints or Slips.
Credit Cards
A common form of payment in the current age. An individual with a bank account can apply for a credit card. If accepted they are then issued a credit card with a dollar limit per month that can be swiped for payment at various businesses in exchange for goods and services. This credit amount is then billed to the card carrier on a monthly basis. Any amount not paid has an interest rate attached and is added to the next month’s bill. Regularly paying these bills on time adds to a new system called a “credit score” which allows banks and creditors to determine the risk of granting individuals a loan based on that score. This or a Debit Card is the preferred form of payment in the current age.
Debit Cards
A debit card is a swipe-able payment card that is associated with an individual’s bank checking account. This invention born from credit cards allows holders to make purchases of various dollar amounts without having to carry cash. The card can also be used to access ATMs(automated teller machines) and retrieve limited sums of cash from one’s bank accounts. This or a Credit Card is the preferred form of payment in the current age.
Coins
Coins are the least common form of currency in the Information Age and various regions and kingdoms will likely have their own mints, unique to their origins. Coins are almost always made from precious metals such as: Copper, Silver and Gold. This is due to how easy it is to shape coins from these softer metals and how long they can remain in circulation due to their resistance to wear and tear.
Copper
A Copper Coin is the smallest denomination and therefore typically requires many to purchase anything of value. Each Copper Coin is worth 1/100th the value of a Silver Coin. These coins may have different names in different regions or settings such as: Pennies, Shillings, Pieces, Pence or Bits.
Silver
The most common denomination and the most circulated coin, most small purchases can be covered by Silver Coins. Each Silver Coin is worth 1/100th the value of a Gold Coin. These coins may have different names in different regions or settings such as: Marks, Slivers, Groats or Shards.
Gold
The least common form of coinage but also the most necessary for large and expensive purchases. Gold Coins are the preferred coinage of nearly everyone, as there is an intrinsic status symbol associated with the possession of gold in this age. These coins may have different names in different regions or settings such as: Suns, Nobles, Eagles or Sovereigns.
