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If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
What do you call it when you compare a value of one country's currency to another?
When you compare the value of one country's currency to another, it is called a currency exchange rate. This rate indicates how much of one currency can be exchanged for another and is influenced by various factors, including economic conditions, interest rates, and geopolitical stability. Currency exchange rates are essential for international trade and investment.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What is the value of the value of one currency expressed in terms of anotherone currency expressed in terms of another?
The value of one currency expressed in terms of another is known as the exchange rate. It indicates how much of one currency can be exchanged for a unit of another currency. Exchange rates fluctuate based on factors like economic conditions, interest rates, and geopolitical stability. Understanding exchange rates is crucial for international trade, investment, and travel.
How did currency help the economy?
Before currency, there was only a barter economy in which one person trades one good for another. This relies on the assumption that there is a double coincidence of wants, e.g. one person who grows corn who wanted to trade for hogs must find someone who raises hogs that wanted corn. Currency eliminated this because it is a medium of exchange, thus facilitating trade.
If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
How does Forex currency exchange work?
Forex currency exchange works by one person paying another currency for that currency. Generally, there are always rates that people trade with, and they are always changing.
What do you call it when you compare a value of one country's currency to another?
When you compare the value of one country's currency to another, it is called a currency exchange rate. This rate indicates how much of one currency can be exchanged for another and is influenced by various factors, including economic conditions, interest rates, and geopolitical stability. Currency exchange rates are essential for international trade and investment.
What does currency future trading mean?
A currency future means to trade one currency for another in the future at a price that has been determined on the purchasing date. This is a future contract, not one that occurs right away.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What are some websites where one can carry out foreign currency day trading?
Foreign Currency Day Trading is highly competitive, but can be most rewarding, financially. While one nation's currency is purchased another is sold. Some of the places for trade are: Charles Schwab, OX Options Trading; Forex, FXDD; and Oanda, FX Trade.
How does a currency appreciate?
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency.
How did currency help the economy?
Before currency, there was only a barter economy in which one person trades one good for another. This relies on the assumption that there is a double coincidence of wants, e.g. one person who grows corn who wanted to trade for hogs must find someone who raises hogs that wanted corn. Currency eliminated this because it is a medium of exchange, thus facilitating trade.
How would one describe the forex currency trade?
Forex Currency Trade is a one stop shop for all of one's currency and stock trading needs. If one should visit Forex online, one could set up a practice account to help one get better acquainted with Forex and currency and stock trading.
A definition of foreign currency exchange?
Foreign currency exchange is the trade of one country's money with another, whether for profit (what is known as Forex of FX trading) or for business and personal uses (when traveling for example).
How does the foreign exchange rate of one currency compare to another currency?
The foreign exchange rate of one currency compared to another currency shows how much one currency is worth in terms of the other currency. It indicates the relative value of the two currencies in the global market.
What are some online sites where one can trade currency?
If one is looking to trade currency using an online site, it would be a great idea to check out Oanda. Oanda is a simple way to trade and even offers memberships.
