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What is africa's money called?
Trading in cattle always works. Africa is not a country.
What is a bank that overprints currency?
Normal banks cannot print currency of their own. Only the government can do so. Also, governments are very cautious about printing new currency because overprinting can have catastrophic effects on the nations economy. Hence almost all country's try to print only as much extra currency as the country would need.
Why were the Currency Act imposed?
Britain wanted to colonists to stop printing their own money. 1774
What is Name of polish currency?
The country has its own currency called the "zloty" which is the nation's legal tender.
Why is exchanging currency necessary for international trade?
Manly because there is not always a balance of trade. When there is not a balance of trade someone must be paid. They would like to exchange the money that they receive for the money that is used in their own country. That is why exchanging currency is necessary.Answer 2Because if you are in country A selling to someone in country B, you want to be paid in your own currency. Country B's currency is useless to you, you cannot pay your suppliers or your employees in it.But, the buyer in country B only has country B's currency in his bank account.So one of you has to exchange country B's currency into country A's currency, then you are both happy.
What type of money was used in ww1?
Each country had their own currency.
Marcus Garvey led a movement for African Americans to?
start their own country
What do African people use as money?
There are over 50 countries and territories in Africa. Each has its own currency.
Why do countries have their own currency?
Countries have their own Currency as a lot of them were made to only be used in their country of origin. Currencies like the US Dollar are widely accepted in countries outside the US due to its value over the countries own currency.
Is it illegal to have a real currency printing machine?
Yes it is because congress does not want our own printing money printersMoreMaking private copies of coins or bills is called counterfeiting. It's a crime in all countries.
Why does Liechtenstein use the Swiss Franc?
yes It is to small a country to have its own currency.
Does Liechtenstein use the Swiss franc?
yes It is to small a country to have its own currency.
