There are several types of alternative currency in the US that are used by different communities today. These currencies are used when purchasing commodities and making various financial transactions. Using these denominations, individuals and companies can make exchanges instead of using national money. Some of the models used in the States today include BerkShares, local exchange trading systems, and time dollar.

These monetary substitutes can be made by organizations, corporations, or individuals to buy goods or make transactions that involve money. These can take different forms depending on what they are used for or who utilizes them. One form of this substitute is mutual credit. Barters are also another form which involve trade of items.

Substitutes for national money can be affected by the economy. Activities involving these substitutes are highly influenced by economic stability. If the economy slows down, monetary substitutes may increase in activity. On the other hand, if the economy goes up, there is a significant decrease in their activity.

A common example of these substitutes is BerkShares. This is circulated in a region in Massachusetts. These substitutes have been issued by local banks and accepted in over 370 businesses. The denominations have certain equivalents to the dollar. Businesses and individuals use these to hire services and purchase goods. Some non profit organizations also accept these for donations.

Local exchange trading system or LETS is also another example of monetary substitute. This is utilized by certain communities when exchanging goods and services. Members of the community are usually the ones who get to use these substitutes. Local individuals build an organization wherein they can engage in trade between themselves.

One form of substitute is called man hour. This is model is time based wherein a person volunteers to do work for another person for an hour. An hour of work is equivalent to a service credit. In return, a person can redeem an hour of service from another a volunteer. Service credits can be recorded for the person to use when needed.

Alternative currency in the US is found to be useful during economic recession. People can use these substitutes instead of actual money. Some individuals and communities use these to keep cash flowing despite current economic conditions. There is always a demand for commodities and services today which means that a medium of exchange will also be needed.

At present, several communities have printed their own paper notes for their own purposes. These have become very useful to people and businesses to continue their transactions and other kinds of exchanges. Regardless of the economic situations, people can still obtain the services and goods they need.