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the effect of black market currency in Nigerian economy
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∙ 12y ago
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How do exchange rates work?
The beginner level:Exchange rates are set by market forces. The currency is "traded" in a global market place.Its value is set by how badly people want a certain currencyThis can be effected by interest rates in each country, government and personal debt levels in each countryAnd of course whether other countries and business will accept the currency for payment of debt.Finally there are Currencies that are pegged or locked to the value of gold or another currency by that countries law. This brings in a black market exchange of this currency that can make gangsters good money.Please see: How do exchange rates work?Thanks.
Do countries in the Mediterrranean use the US dollar?
No. However, there is a black market trade in dollars in many foreign countries.
When did the black market start?
The Black Market officially began during World War II. The Black Market was illegal, even back then. The official year it began was 1939. The Black Market is still referred to today, in 2014.
What is the market of incomplete information?
Black market
Advantages and disadvantages of black market'?
Underground economy can bring a competitive power to economy, it increases the employment, and providing resource to official/formal economy. those are some positive side of black market. on the other hand, some of the negative effects in economy are:the growth of black market means shrinkage of formal economy and it causes tax losses.it brings unfair competition.it causes unreliable statistical data.
How do exchange rates work?
The beginner level:Exchange rates are set by market forces. The currency is "traded" in a global market place.Its value is set by how badly people want a certain currencyThis can be effected by interest rates in each country, government and personal debt levels in each countryAnd of course whether other countries and business will accept the currency for payment of debt.Finally there are Currencies that are pegged or locked to the value of gold or another currency by that countries law. This brings in a black market exchange of this currency that can make gangsters good money.Please see: How do exchange rates work?Thanks.
What is the effects of black Tuesday on America?
On Black Tuesday, the stock market lost billions of dollars :(
How do people buy cars in communist countries?
black market !.
Do countries in the Mediterrranean use the US dollar?
No. However, there is a black market trade in dollars in many foreign countries.
What negative effects can black rats do?
What negative effects can black rats do
What is the Howrse black market?
The black market on Howrse is where you can purchase special items to enhance your game. You can access it via breeding >> black market.
How do you get to the cold market in black 2?
You cannot get to the Cold Market in Black 2.
When was Black Market Activities created?
Black Market Activities was created in 2003.
What are facts about the black market world war 2?
Black markets of World War 2 grew out of necessity in both the United States and the United Kingdom (and other countries) in response to the shortages and inability to buy enough with the ration cards/stamps. They were basically innocuous and did help families survive. The governments of both countries did little to clamp down on the black market.
What is Mickey Mouse money?
Military Payment Certificates were a substitute currency used to curtail the Black Market. It was often called Mickey Mouse Money or funny money. it is from japan
When did the black market start?
The Black Market officially began during World War II. The Black Market was illegal, even back then. The official year it began was 1939. The Black Market is still referred to today, in 2014.
What is the market of incomplete information?
Black market
