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Why did many peddlers prefer to convert their silver currency into silverware?
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What do most businesses and citizens prefer?
Stable economy
How the exchange rate of currency is determined?
A market based exchange rate will change whenever the values of either of the two component currencies change. A currency will tend to become more valuable whenever demand for it is greater than the available supply. It will become less valuable whenever demand is less than available supply (this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency).Increased demand for a currency is due to either an increased transaction demand for money, or an increased speculative demand for money. The transaction demand for money is highly correlated to the country's level of business activity, gross domestic product (GDP), and employment levels. The more people there are out of work, the less the public as a whole will spend on goods and services. Central banks typically have little difficulty adjusting the available money supply to accommodate changes in the demand for money due to business transactions.The speculative demand for money is much harder for a central bank to accommodate but they try to do this by adjusting interest rates. An investor may choose to buy a currency if the return (that is the interest rate) is high enough. The higher a country's interest rates, the greater the demand for that currency. It has been argued that currency speculation can undermine real economic growth, in particular since large currency speculators may deliberately create downward pressure on a currency in order to force that central bank to sell their currency to keep it stable (once this happens, the speculator can buy the currency back from the bank at a lower price, close out their position, and thereby take a profit).In choosing what type of asset to hold, people are also concerned that the asset will retain its value in the future. Most people will not be interested in a currency if they think it will devalue. A currency will tend to lose value, relative to other currencies, if the country's level of inflation is relatively higher, if the country's level of output is expected to decline, or if a country is troubled by political uncertainty. For example, when Russian President Vladimir Putin dismissed his Government on February 24, 2004, the price of the ruble dropped. When China announced plans for its first manned space mission, synthetic futures on Chinese yuan jumped (since China's currency is officially pegged, synthetic markets have emerged that can behave as if the yuan were floating).Basis Of currency rate decision:If a currency is free-floating, its exchange rate is allowed to vary against that of other currencies and is determined by the market forces of supply and demand. Exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, mainly by banks, around the world. A movable or adjustable peg system is a system of fixed exchange rates, but with a provision for the devaluation of a currency. For example, between 1994 and 2005, the Chinese yuan renminbi (CNY, ¥) was pegged to the United States dollar at ¥8.2768 to $1.
What is better Nike dry fit or Under Armour cold fit?
I prefer Drifit better since its more comfortable! DOnt get me wrong under armour is great I prefer Dri Fit!
Why do economists prefer to compare real GDP figures for different years instead of GDP figures?
economists prefer to compare real gdp figures for different years instead of comparing nominal gdp figures. why?
Socially responsible consumers prefer to buy from companies that use what?
Renewable resources
Why did many people prefer to convert their silver currency into silverware?
it was more easily identified and was less likely to be stolen
Why did many people prefer to convert silver currency into silverware?
it was more easily identified and was less likely to be stolen
What is 5 tenths of a kg?
You can keep that as kilograms - or multiply by 1000 to convert to grams if you prefer that.
How much does an ounce of silver cost?
The price of silver per ounce just dropped to $22,91 today. It's down 0.76 just today! If you prefer to know the price in EURO it's 17.26 EUROS. If you want to convert to the currency in your country, I reccomend you to go to : www.xe.com its a trustful site.
Will you need to change your dollars to a different currency in Finland?
Yes. Almost all countries prefer their local currency for transactions in their legal borders.
How do you convert vpj files to and flv file?
its simple. use converting software's to convert file into different formats. one of them that i would prefer is " total video converter". there are many too. u can google them.
Is it best to get polish currency or euros?
It is best to get Polish currency (Polish zloty) when traveling to Poland to avoid potentially higher exchange rates and fees when using euros. Most businesses in Poland prefer to be paid in zloty, so having the local currency will be more convenient for transactions.
How to convert 8.32 into a fraction?
Convert it to an equivalent fraction for instance multiply 8.32 x100 and divide it by 100 (832/100) Then simplify the fraction. 208/25 or if you prefer the prper form 8 8/25
Please specify what if your expected annual salary and benefits along with currency type?
This is a tricky question because you can eliminate yourself from the possibility of a job if you go too high. State that you are open with salary and benefits and then state whichever currency you prefer.
Is it illegal to possess American money in any other country?
It is not illegal, it just may not be very useful. Most countries would prefer that you change American money into their currency when you enter. You can usually change left over currency back again before you leave. Of course, in some countries, American dollars are accepted gratefully, because of the possible weakness of their own local currency. But the best idea is to use local currency whenever you can.
Does not like coins or banknotes element?
money
Can I change my Arabic money in an Arabic bank into American money?
Answer 1Yes, one of the functions of the bank is Forex exchange. This therefore means toy can have your Arabic money changed to the American money in the Arabic bank.Answer 2Most Likely.There is no such thing as "Arabic money" as every single Arab country has a distinct currency (with the exception of Palestine, which uses the Israeli Sheqel). There are also numerous currencies with Arabic writing on them that are no longer acceptable currencies, such as the Saddam Iraqi Dinar. However, most banks in Arab countries with tellers will convert their currency into USD. Admittedly, they would prefer not to, but they will.
