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Globalization

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Issue:

Business

 

Written by:

Julie R

 

Date added:

February 6, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 588

 

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3058 times

 

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However, there is just not one type of currencies, there a few forms of currencies in the economic world today, for example, hard currencies and soft currencies. How are currencies categorized as hard and soft? A hard currency is a medium of exchange of goods, services and transactions and is recognized and accepted all over the world...
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In addition, a hard currency is only considered a hard currency only if it is from a politically and economically stable country (Investopedia- Hard Currency). The US dollar and the British pound are good examples of hard currencies. Many websites and readings describe soft currencies the total opposite of hard currencies...
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