Currency relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance. Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions. Others are simply traded for their economic
What Is it Like to Be a Bat? only unquestionable fact of our experience", meaning that each individual only knows what it is like to be them (Subjectivism). Objectivity, requires an unbiased, non-subjective state of perception. For Nagel, the objective perspective is not feasible, because humans are limited to subjective experience. Nagel concludes with the contention that it would be wrong to assume that physicalism is incorrect, since that position is also imperfectly understood. Physicalism claims that states and events are physical, but those physical states and events are only imperfectly characterized. Nevertheless, he holds that physicalism cannot be understood without characterizing objective and subjective experience. That is