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Why did banks and firms used to buy and sell currency?
EncofBizandFinance
Banks and firms bought and sold currencies to complete the export or import transaction or to hedge the exposure to fluctuations in the exchange rates in the currencies of interest.
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∙ 13y ago
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Why do central banks play an important role in a global economy?
they control the foreign currency reserves that are used for international trade
Why do central banks playing important role in the global economy?
Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.
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William Ouchi
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What happened to pre-decimal currency?
Old currency is returned to the banks, the banks return it to the mint where it is melted down and sometimes used for making new coins.
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What happened to all the pre decimal currency?
Old currency is returned to the banks, the banks return it to the mint or other issuing authority, where it is melted down and sometimes used for making new coins.
What happened to all the pre-decimal currency?
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What was scotch tape used for?
Banks first used Scotch tape to mend torn currency during the Depression.
Why do central banks play an important role in a global economy?
they control the foreign currency reserves that are used for international trade
Why do central banks playing important role in the global economy?
Central banks control the foreign currency reserves that are used for international trade.They also set each country's monetary policies.
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What banks exchange Iraqi dinars?
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What is a Currency Calculator used for?
A Currency Calculator is used to help convert money from one currency to another. Currency Calculators use the current exchange rate between two different currencies to determine how much money will result from a specific conversion AT THE PRESENT TIME. They can be free or cost a fee. They can be accessed online, in stores, banks, and other locations.
What is the currency used in Antarctic?
Because there is no sovereignty on Antarctica, there is no national currency, stamps, flags or other icons of nationality. There are profiteers who will sell you what they call 'Antarctic currency', and these papers are souvenirs only, being useless as currency. On research stations, cash transactions are conducted in the currency of the station.
Why firms may issue shares in foreign markets?
ANSWER: Firms may issue stock in foreign markets when they are concerned that their home market may be unable to absorb the entire issue. In addition, these firms may have foreign currency inflows in the foreign country that can be used to pay dividends on foreign-issued stock. They may also desire to enhance their global image. Since the euro can be used in several countries, firms may need a large amount of euros if they are expanding across Europe.
