A country that has never had its own currency has formed a central bank and put
ID: 1099619 • Letter: A
Question
A country that has never had its own currency has formed a central bank and put you in charge of developing money. It needs to perform the necessary functions of any good currency efficiently (i.e., being a medium of exchange, a store of value, and a unit of account). Because your country is interested in trading with other members of the global economy, other nations must have faith in its fitness and the currency exchange markets must be willing to accept it. Though your answer needs to be correct in terms of economic theory creativity and having fun with it is strongly encouraged.
Construct thoughtful, detailed responses to the answers and no picture answers.
Explanation / Answer
When a country reaches a level where currency is formed based upon theories of genuine monetary policies with true store of values favored by the foreign exchange system and based upon influencing historical events, the nation would reach an optimal point varying between weak and strong.
Consistent trading in large amounts can really help a country gain a strong currency system; however, it must be strongly favored and supported by the foreign-exchange reserve of countries.
Placing very intricate non-replicable symbols, seals, and headshots of influential leaders in current and history
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.