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Why are exchange rates needed?
They are needed because every single countries have a different currency of their money which will be needed by international markets for their goods when they're selling it to another country and it also needed for tourism currency change
What is anarctica currency?
No one lives in Anarctica except for scientists, so a currency isn't needed.
Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
How currency get value?
Governments issue currency, and if you trust the government, you will trust its currency.
What currency is used in which country?
The Azerbaijani New Manat is the currency of Azerbaijan The Yen is the currency of Japan The NZ dollar is the currency of New Zealand The pound Sterling is the currency of the United kingdom The Malaysian ringgit is the currency of Malasia The Chilean peso is the currency used in Chile etc
Why are exchange rates needed?
They are needed because every single countries have a different currency of their money which will be needed by international markets for their goods when they're selling it to another country and it also needed for tourism currency change
What is cash and currency not needed?
Excess Reserves
What is anarctica currency?
No one lives in Anarctica except for scientists, so a currency isn't needed.
What did the Inca use as currency?
They didnt have a currency.They bartered for what they needed.
What is the role of ATP in cellular work?
They are the currency of energy.They provide energy when needed.
What is the least number of notes needed to make 25?
It depends which currency you are using.
Why were banks created in medieval England?
Merchants needed a place to exchange currency from other countries.
Why are banks needed?
Banks are needed to keep our money safe. And to store currency. it is not convenient for people to store large sums of money in cash at one location
Inflation caused this currency's exchange rate to rise from 81 to the US dollar in 1921 to 1 million to the dollar by July 1923 You needed a wheelbarrow to buy bread What is the currency?
German mark
How much is 12 pounds in english currency?
Which pounds and which English currency are you talking about. British Pounds is the currency in England (so English currency). So 12 pounds is 12 pounds. If you mean any other currency of an English speaking nation such as Canada, the actual exchange rate is needed. 12 GBP (Pounds) would be 18.79 CAD (Canadian Dollars) or in US Dollars $18.78
What did you pay with in the year 1513?
In 1513, civilizations didnt have currency. They used the barter method of trading to pay for items they needed.
Why is having a single currency in the EU needed?
It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.It is not necessarily needed, but for economic cooperation, it is easier if the countries are using the same currency.
