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Before currency, there was only a barter economy in which one person trades one good for another. This relies on the assumption that there is a double coincidence of wants, e.g. one person who grows corn who wanted to trade for hogs must find someone who raises hogs that wanted corn. Currency eliminated this because it is a medium of exchange, thus facilitating trade.
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What are the effects of depreciating currency on a country?
Depreciating currency in a country will determine how strong the current economy of a country is. If the currency drops then their economy is stronger and more investements are in while if the currency exchange is high, there is depreciating economy against other countries.
How would bimetallism help the economy according to its support?
by giving people either gold or silver in exchange for paper currency or checks
Which best explains the purpose of issuing a bond?
Not to manage an economy, to help stabilize a currency, or to help consumers purchase services, but to raise money.
What is enconmy?
Do you Mean Economy? if you do Economy is Like the Currency that a country of such has and the way they make there money.
What is a mono economy?
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
What are the effects of depreciating currency on a country?
Depreciating currency in a country will determine how strong the current economy of a country is. If the currency drops then their economy is stronger and more investements are in while if the currency exchange is high, there is depreciating economy against other countries.
How would bimetallism help the economy according to its support?
by giving people either gold or silver in exchange for paper currency or checks
Which best explains the purpose of issuing a bond?
Not to manage an economy, to help stabilize a currency, or to help consumers purchase services, but to raise money.
What is the economy in Sweden?
The economy in Sweden is strong, and the fastest growing in the EU, as of 2011. If you're refering to the currency, it is called 'krona' and the currency code is SEK.
What is enconmy?
Do you Mean Economy? if you do Economy is Like the Currency that a country of such has and the way they make there money.
What is the basis of currency exchange rate?
It's basically the demand for the currency, which is determined by the economy of a country.
What is the type of currency of Carthage's economy?
Trade goods.
What is a mono economy?
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
How does fake currency impact the normal functioning of the economy?
its not funny
Effects of black market currency in third world countries?
the effect of black market currency in Nigerian economy
What is a examle of a mixed economy?
A national economy with more than 1 currency. i.e: Greece; the Euro and the drakmah
