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

Evaluate the equilibrium price and quantity, Evaluate the equilibrium price...

Evaluate the equilibrium price and quantity (a) Find the equilibrium price and quantity (b) If government in trying to control the price of the good fixes the price at c550

Demand forecasting, What is Demand Forecasting? Explain in brief various me...

What is Demand Forecasting? Explain in brief various methods of forecasting Demand.

Lambs lay a golden egg, Assume that the market for lamb is perfectly compet...

Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium

International trade, compare and contrast adam smith''s theory of absolute ...

compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.

Physical properties of s block elements, group trend including ionic and at...

group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential

Monopsonist labour market, what are the advantages of a monopsonistic labou...

what are the advantages of a monopsonistic labour market

Economic reforms and infrastructure growth, Economic Reforms and Infrastruc...

Economic Reforms and Infrastructure Growth Infrastructure data for the pre-reform period (1980-81 to 1990-91) is with1980-81 as base year and for post-reform period (1993-94 t

Central economic problems, discuss the central economic problem facing surv...

discuss the central economic problem facing survivor group

Economic chart analysis., show this in a pie chart age = under 20|number of...

show this in a pie chart age = under 20|number of people = 20.90

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