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What describes what is done with foreign currency in the currency exchange market?
Bought and sold using different foreign currencies.
What are the advantages of East African Community using the same currency?
advantage and disadvantage of having common currency
What are the advantages and disadvantages of using currency abroad?
If you bring dollars to India, as one U.S dollar is 49 rupess , then you can find things pretty cheap when you convert it.
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What makes a money valuable?
A currency's value mostly is the reflection of the 'value' of the underlying economy. So a country with a strong economy normally should have a high-value currency and a country with its economy in tatters will see the value of its currency decline sharply. Sometimes it does not work out like that in practice, however. When for instance China's economy was booming, its currency should have gone up in value correspondingly. But that would have made China's export products a lot more expensive and so have hurt China's economic development. Therefore China kept the value of its money linked to the value of the US dollar, which did not go up at the time - and so kept its products nice and cheap. Another case history is Greece: the country is practically bankrupt, but for political reasons the European Union is more or less forcing it to keep using the Euro as a currency, which is way too 'valuable' compared to the value of Greece's economy.
What describes what is done with foreign currency in the currency exchange market?
Bought and sold using different foreign currencies.
How is foreign currency calculated using a Currency Converter?
Foreign currency is calculated using the average market value of the currency over a 24 hour period and then comparing that value to other currencies. This is why exchange rates can vary from day to day.
What are the advantages of East African Community using the same currency?
advantage and disadvantage of having common currency
What is the cheapest foreign exchange option available for exchanging currency?
The cheapest foreign exchange option for exchanging currency is typically using a no-fee credit card or debit card that offers competitive exchange rates.
Can you pay for minecraft with us dollars or do you have to convert it somehow?
I bought my copy of Minecraft using Paypal. Paypal will convert almost all foreign currency, including the Euros which is Sweden's currency and where Minecraft is being developed.
What is currency acceptable?
dollar currency using as a global currency
What does it mean by currency trading profits?
Currency trading profits refers to profits received in currency trading. It is a practice of exchange foreign and domestic currency to produce a profit due to the difference in value. FXCM offers a free trail for people wanting to try out their possible skills before actually using money.
What are the advantages and disadvantages of using currency abroad?
If you bring dollars to India, as one U.S dollar is 49 rupess , then you can find things pretty cheap when you convert it.
What currency is accepted worldwide?
dollar currency using as a global currency
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What type of money do Kentucky people spend?
It is most often US currency by denomination and it might be tendered as coin, paper money or by debit card. Of cours if these Kentucky People are located in a foreign country they may be using that country's currency.
What are the disadvantages of using a credit card abroad?
The disadvantages of using a credit card abroad include foreign transaction fees, currency conversion fees, potential fraud risks, and limited acceptance in some places.
