what is hard currince

Answer Posted / satya kishore

Hard currency or strong currency, in economics, refers to a
globally traded currency that can serve as a reliable and
stable store of value. Factors contributing to a currency's
hard status can include political stability, low inflation,
consistent monetary and fiscal policies, backing by
reserves of precious metals, and long-term stable or upward-
trending valuation against other currencies on a trade-
weighted basis

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is Rectification of Errors ?

1766


How and by whom the Percentage of Depreciation is fixing?

1952


state and explain THREE types of situation to which accounting concept might be applicable

1677


what is mean by traditional accounting ?

1986


EXPAND___________NPO

1470






hi guys, pls refer me how to preppare for Indian Bank exams.

1944


Why does one need a broker?

1812


Breif notes about accounting standards

2593


At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

1572


What is the difference between reserve and provision.

1796


Difference Between Revenue & Capital Expenditure (Give an Example of each )

1649


Which entry we pass self entry like cash withdraw for ourself

1142


what are the content of purchase order?

1628


while i creating a main asset master there is a error called process being terminated? pls send the solution

1694


HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

1588