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

Comparative economics system, Identify path of growth and development to ec...

Identify path of growth and development to economic maturity.

What are the possible advantages of free trade, What are the possible advan...

What are the possible advantages of free trade? Firms a)  Specialisation and enhanced use of comparative advantage b)  Possibility of advantages of scale c)  Spread

Production, explain the concept economies/diseconomies of scale and minimum...

explain the concept economies/diseconomies of scale and minimum efficient scale

Canalisation, State trading is often associated with canalisation. Canalisa...

State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported

Analysis the project status - bridge project, The government has undertaken...

The government has undertaken a highway bridge project that was originally projected to cost $2 million and provide benefits of $2.5 million.  Unfortunately, the costs have been mu

Marginal social benefit, Consider the following information relating to the...

Consider the following information relating to the pulp market.   Demand     Supply   Output(tonnes/ da

PRESENT VALUE FUTURE PAYMENTS, How does an increase in the size of a future...

How does an increase in the size of a future payment affect the present value of a future payment

Production, what is fixed and variable inputs with more explanation

what is fixed and variable inputs with more explanation

Consumer behaviour, how do I explain the hicksian and slutsky theory of con...

how do I explain the hicksian and slutsky theory of consumer behaviour in an examination

Indifference curve properties and its assumptions, what are the main proper...

what are the main properties and assumptions of indifference curve

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