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How many members of the European Union use their own currency together with the Euro?
12 currencies are used in the European Union. 17 countries use the Euro and the other 11 countries each use their own currency. In January 2014 18 will use the Euro and 10 will have their own currencies, so then there will be just 11 currencies.
Why is it that countries like the USA don't have foreign exchange reserves and what are the guidelines and disclosure norms for managing foreign exchange reserves?
The USA does have foreign exchange reserves. Their latest holding for November 2007 is $45.973 B and is published at http://www.federalreserve.gov/releases/bulletin/1207assets.htm The USA also has Special drawing rights of $9,536 B on the International Monetary Fund (IMF) and determined by the IMF by a weighted average of exchange rates for the currencies of various member countries. There are also holdings of gold and positions in the IMF to give total US reserve assets of $ 71 B.
Why do people in poor countries ussually accept US dollars in payment?
Hi, Complex question with recent changes, but here is "the simple" answer. The US Dollar, has been the currency of choice around the world for many years. Because only the US Dollar had the status of "SDR" Special Drawing Rights, from the IMF international monetary fund. Even "oil" nations are requesting the US dollar no longer be exchanged for their oil, this is a huge economic aspect, downturn for the US. So, This has all changed just in the past year particularly. There are now countries, people around the world who would prefer other currencies as the US Dollar/World Economy is subject to great inflation now. Hope I answered your question.
What does XUDLERS mean in exchange rates?
XUDLERS is a currency code used in exchange rates to represent the unit of account for the European Currency Unit (ECU) before it was replaced by the euro. The ECU was a basket of European currencies used by the European Community for internal accounting purposes. XUDLERS specifically indicates the value of the ECU against the Special Drawing Rights (SDR) currency used by the International Monetary Fund (IMF) for international accounting and financial transactions.
What special problems do landlocked countries have when importing and exporting goods?
They have problems exporting boobs and penises
How can I buy SDR currency?
You can buy SDR currency through the International Monetary Fund (IMF) by participating in their Special Drawing Rights (SDR) allocation or by exchanging other currencies with countries that hold SDRs.
What does SDR stand for?
Special Drawing Rights - an IMF currency aligned to major currencies.
Are there special colleges devoted to drawing?
There are several colleges located around the US, and a few other countries, that are dedicated to drawing and many other forms of art related courses.
A relation is a special type of function?
No. A relation is not a special type of function.
What is a special drawing right?
I want to know about Special Drawing right. why we called it paper gold I want to know about Special Drawing right. why we called it paper gold
Is it true or false that a relation is a special type of function?
No. A relation is not a special type of function.
How many members of the European Union use their own currency together with the Euro?
12 currencies are used in the European Union. 17 countries use the Euro and the other 11 countries each use their own currency. In January 2014 18 will use the Euro and 10 will have their own currencies, so then there will be just 11 currencies.
How is the value of SDR determined?
The value of the Special Drawing Right (SDR) is determined based on a basket of five major currencies: the US dollar, euro, Chinese yuan, Japanese yen, and British pound. The value is calculated daily by the International Monetary Fund (IMF) using the exchange rates of these currencies, reflecting their relative values. The SDR's value can fluctuate, influenced by changes in currency values and global economic conditions. It serves as an international reserve asset and a unit of account for the IMF and its member countries.
What is the term for a special drawing that shows the whole Earth at one time?
The term for a special drawing that shows the whole Earth at one time is a "map" or a "world map". It provides a visual representation of the Earth's surface, including its continents, countries, oceans, and other geographical features in a single view.
How do you define function and relation?
A relation has pairs of numbers. A function is a special relation where for each input there is one and only one output.
What are different shapes of functions and relations?
A relation is just a set of ordered pairs. They are in no special order. Therefore there is no particular shape assigned to a relation. A function is a special kind of relation. A relation becomes a function when the x value only has one y value.
Can a function be a relation?
Functions are special types of relations.
