Explain hard currency, Microeconomics

Assignment Help:

International economic relations also vary, in large measure, on monetary issues.  You are unlikely to accept the Turkish Lire in payment for your wages in this country, easily because you can't simply use that money to buy anything.  You need U.S. dollars in payment for your services, because you can simply spend the dollar.  Countries act the same way you do.  There are currencies that virtually everybody accepts as payment, and those widely accepted currencies are known as hard currency.

 


Related Discussions:- Explain hard currency

Distinguish demand pull-cost push , Distinguish demand pull, cost push and ...

Distinguish demand pull, cost push and imported inflation using graphs where appropriate. What are the likely causes of current inflation in Australia?           Answer Co

Assignment: Profit Maximization, After I figure a table what do I do with i...

After I figure a table what do I do with it? I have no book and no study materials to answer my question

Describe about capitalism, Q. Describe about Capitalism? Capitalism: An...

Q. Describe about Capitalism? Capitalism: An economic system in that privately-owned businesses and companies undertake most economic activity (with the goal of generating priv

Molarity, i have 40cm3 of hcl of 1 molarity i want to dilute it to 0.2m can...

i have 40cm3 of hcl of 1 molarity i want to dilute it to 0.2m can yo please help

Explain the phrase price rationing means, Explain what the phrase “price ra...

Explain what the phrase “price rationing” means. Price rationing is the method by which the market system assigns goods and services to consumers while quantity demanded exceeds

Differentiate between nominal and real exchange rate, Differentiate between...

Differentiate between nominal and real exchange rate.  Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate

Time series, uses of time series in Indian Economy?

uses of time series in Indian Economy?

International bank for reconstruction and development, INTERNATIONAL BANK F...

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT: The main function of the IBRD is of long-term capital assistance to its member-countries for their reconstruction and de

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd