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500 quinhentos cruzados

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Brasil quinhentos cruzados in Indian rupees?

what is the value of 500 Quinhentos Cruzados in Indian rupee


Where can you exchange 1000 Brazilian mil cruzados?

The Brazilian cruzados is a discontinued form of currency and has no face value. It's only value is to a collector and in most cases would still be of little if any value.


What is the value of 1000 mil cruzados?

The cruzado was the currency of Brazil from 1986 to 1989 (actually there were 2 cruzado currencies; Brazil has had a crazy monetary situation) for a few years in the late 1980s.The current value is zero because the currency can no longer be converted, however, it used to convert thus:1000 mil cruzados = $ 600.96 USD.


Why is paper currency considered flat money?

Paper currency is considered flat money because it has no intrinsic value and is not backed by a physical commodity, such as gold or silver. Its value is derived from the trust and confidence that people place in the issuing government and its economy. Unlike commodity money, which has value based on the material it is made from, flat money is accepted as a medium of exchange solely because of legal tender laws and societal agreement. This allows it to function effectively in modern economies.


What are the Classification of money?

Full-bodied>Full-bodied is money whose value as a commodity for non-monetary purposes is a great as its value as money.>The principal full bodied money in modern monetary system have been coins of the standard metal when a country is on a metallic standard: A gold standard , a silver standard ,or a bimetallic standard using gold and silver.Representative Full-bodied Money>Which is usually made of paper, is in effect a circulating warehouse receipt for full-bodied coins or their equivalent in bullion.>The representative full-bodied money itself has no significant value as a commodity, but it "represents in circulation an amount of metal with a commodity value equal to the value of the money.Credit Money>By credit money, or debt money, we mean any money, except representative full-bodied money, that circulates at a value greater than the commodity value of the material from which it is made. In some cases, the market value of the money materials is insignificant, as in the case of most paper money.>Credit or debt money can also result as the issuing authority buys all the money material offered to it, but at a price significantly below the monetary or face value of the money into which it is transformed.