Ans: ATP: Adenosine Triphosphate.
Why called energy currency: In cells, the energy released during cellular respiration is immediately captured to synthesize ATP from ADP and inorganic phosphate ($\text{P}_i$):
$$\text{ADP} + \text{P}_i + \text{Energy (from respiration)} \rightarrow \text{ATP}$$
Just like money is used to buy goods, ATP stores chemical energy inside its terminal phosphate bonds and is spent whenever the cell needs to perform work (e.g., protein synthesis, muscle contraction, active transport).
How energy is released: When a cell needs energy, the terminal phosphate bond of ATP is hydrolysed (broken by reacting with water), releasing exactly 30.5 kJ/mol of energy, converting ATP back into ADP:
$$\text{ATP} + \text{H}_2\text{O} \rightarrow \text{ADP} + \text{P}_i + 30.5 \text{ kJ/mol Energy}$$