Replacing national currencies with a global currency

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Reference no: EM133053324

The use of different national currencies creates a barrier to further growth in international business activity due to conversion costs and exchange-rate risk.

-What are the pros and cons, among companies and governments, of replacing national currencies with a global currency?

-Who (in your opinion) would manage a global currency?

-How would this be implemented throughout the world?

-What would the currency be? Would it align with a specific country?

-What are the risks associated with a global currency?Any outside sources that you use to support your opinions should be appropriately cited within your posting.

Reference no: EM133053324

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