Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1- there are around 200 countries in the world, almost 190 countries determine the value of their own currency in terms of the USD i.e.

1- there are around 200 countries in the world, almost 190 countries determine the value of their own currency in terms of the USD i.e. the currency is expressed in terms of USD as it is used as a common denominator. why is this the case? why is the USD used as the reference.

2- there are very few currencies that determine the value of USD in terms of their own currency i.e. their own currency is used as a common denominator. what are those currencies and why?

what is the logic for this? why is there differences between currencies in this respect?

3- what is the 4 strongest currencies in the world? what is the main reason in your opinion?

4- what are the 4 weakest currencies in the world? what is the main reason in your opinion?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee , W.H.C. Bassetti

11th Edition

1138069418,1351631438

More Books

Students also viewed these Finance questions

Question

Describe how to conduct an objective performance evaluation.

Answered: 1 week ago

Question

How to solve maths problems with examples

Answered: 1 week ago

Question

Explain Coulomb's law with an example

Answered: 1 week ago

Question

What is operating system?

Answered: 1 week ago