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Why is the US dollar the common currency of world finance?
After WW2 the world looked again to establish a single system for converting various currencies. The US dollar at that time was quite stable, and the nations of the world agreed to the Bretton Woods system, of fixing the value. The Bretton Woods system established a dollar standard to replace the gold standard. The value of the dollar was fixed to gold at $35 to the ounce and the various currencies of the world were fixed to the dollar. Exchange rate became fixed to the value of the dollar, and the dollar became a world commodity. Today, the US dollar is one of the single most traded commodities. The Euro has risen to become the second.
What is the quantity of a barrel of oil in world market?
A barrel of oil in the world market is 42 US Gallons.It is different from a standard oil drum used for refined oil products (eg. petroleum) which is 55 US gallons.For info, A Liquid Barrel Unit is 31.5 US Gallons, which is also not used to measure crude oil.
Is a measure of the efficiency of an investment?
The ROI is a measure of the efficiency of an investment. ROI is a term used in the financial world, it means return on investment.
How much does sugar cost a pound?
It varies throughout the world. In the U.S., sugar currently costs 56 cents a pound.
How many branches does the standard charted bank have all over the world?
Standard Chartered is a bank with global presence and they have numerous branches across the globe. The number would run into hundreds or even thousands of branches.
How is the SI system measurement used?
the si system of measurement is the standard set of units accepted throughout the world.
What are the similarities of the standard and metric measurements?
Please note that the metric system is the world-wide standard. If by "standard" you mean the Imperial system (the system commonly used in the USA), the similarities are that the systems are designed to measure, and that they both have units to measure the same type of thing, for example length/distance, area, volume, temperature, etc.
Is the metric system used by scientists and in countries around the world as the standard unit of measure?
Have scientists in all parts of the world long used metric systems?
What is the standard measureing system?
The world wide standard of measurement is the International System or SI (systeme internationale). It is based on the metric system.
What is the standard units of weight?
pounds and ounces - are used only in the United States. The rest of the world uses a kilogram as the standard measure of mass making it MORE standard. A mass of one kilogram is said to weight one kilogram at the Earth's surface.(about). Its about time the USA caught up with the rest of the world.
What did Islamists spread throughout the Old World?
Purda system
What is the current standard electrical systems used in cars?
The current standard is 12 volt DC. As far as I know this is common throughout the world.
What is the name of the standard meaurement system used by scientist around the world?
The Metric System
What is a decimal system of weights and measures that is used universally in science and commonly throughout the world?
metric system
What are standard commode dimensions?
The height of a standard commode is 400mm.So throughout the world, all the commodes will have the same height.Width and dimensions may vary according to the design.
How much is 1600 kg in standard weight?
Kg (kilogram) is the standard - although it is not a standard of weight, but of mass. The kilogram is used world-wide as the standard of mass. It is part of the SI (the International System of units).
What would ml equal to in the standard system?
It is equal to 1/30 of an ounce. -And .BTW - there is no such thing as "the standard system" -The world is metric now. -The US has not progressed.
