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Why is it important to have a system to convert from one type of currency to another?
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What is the type of currency exchange rate system in which values stay constant?
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
What exchange rate system allows for fluctuations in currency values on a day-to-day basis?
A flexible exchange rate system allows for fluctuations in currency values on a day-to-day basis. Another kind of system would be a fixed exchange rate system.
What is a currency system in which each country tries to keep the value of it currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system called in which each country tries to keep the value of its currency constant against one another?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
Why is it important for nations to have a system to convert from one currency yo anther?
To change their economy
Why is important for nations to have a system to convert from one currency to another?
So, the countries can trade among each other. Ex. The United States trades with Mexico and The U.S. gives mexico 20,000 pounds of corn and that's worth 30,000 U.S. dollars. Mexico would have to convert that to useable currency for the Mexican Goverment.
Currency in a sentence?
That answer lacks currency! Currency is another word for money.
What is the type of currency exchange rate system in which values stay constant?
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
What are the two cities in your country where currency was established?
In the United States, New York, Philadelphia,and Washington, D.C. were all important in establishing the current currency system.
What exchange rate system allows for fluctuations in currency values on a day-to-day basis?
A flexible exchange rate system allows for fluctuations in currency values on a day-to-day basis. Another kind of system would be a fixed exchange rate system.
How do you convert measurements from one level of the metric system to another level of the metric system?
Multiply or divide by a power of 10.
Why was trading important in the middle ages?
Bc people like money...
How much is 300 lakhs in south African Rand's?
In the Indian numbering system a lakh is equivalent to 100,000.However you do not say what currency you wish to convert to S.A. Rand
What is a currency system in which each country tries to keep the value of it currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system called in which each country tries to keep the value of its currency constant against one another?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
What is a currency system in which each country tries to keep the value of its currency constant against one another called?
A fixed exchange rate.Sometimes it is known as a currency peg.For example, the Danish Krone is fixed at € 1 = kr 7.46038
