Amero: probable or not that the US dollar is replaced all together by this hipothetical currency?

Amero: probable or not that the US dollar is replaced all together by this hipothetical currency?
by

1 Answer

Answer :

Here is an article from Wikipedia about the Amero itself. I read through the article and it appears that much of this talk about an Amero currency and a North American Union is steeped in rumor. This excerpt also, from the article, is telling in and of itself: No current members of any country’s government have officially stated a desire to implement a “North American Union.”
by

Related questions

Will Amero be NAU's North American Union's currency in 2010? Just like EU European Union has its' Euro.

Description : Will Amero be NAU's North American Union's currency in 2010? Just like EU European Union has its' Euro.

Last Answer : Given time I think that there will become a world currency. Not sure if an Amero type currency will proceed it.

Is the Petrodollar going to die out and be replaced by a stronger currency?

Description : Is the Petrodollar going to die out and be replaced by a stronger currency?

Last Answer : answer:Oh, and a lot of these things I’m reading online seem to go hand in hand with documentaries I’ve watched in the past… Zeitgeist, Collapse, and others alike.

What are your opinions on the AMERO?

Description : What are your opinions on the AMERO?

Last Answer : In a word, hoax. Snopes has dealt with this one multiple times. It even dates back to the Bush days.

Have you seen this video about the Amero?

Description : Have you seen this video about the Amero?

Last Answer : Nah, the Amero idea originated in Canada from a guy called Herbert Grubel or Gruber from the Fraser institute in 1999 but never picked up. Mexicans discussed it in their cabinet as a hypothetical ... Euro. This guy is a nutjob. I'd say paranoid delusional that guy, typical conspiracy theorist.

I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread of this ecomony and this amero. Should I just cash it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Description : I have a good amount of money invested into my 401k as a 26 year old. I'm thinking about just cashing it out and taking the loss of half the money i invested. Which kills me to think about this. But I'm afread ... it out? Or wait? I'm thinking I could loss more if I just left it in... Am I right?

Last Answer : Don't do it. A 401K is an investment that is meant to grow over time. Sometimes you lose sometimes you gain, but short of an economic disaster you will gain if you leave it alone. The tax you will ... pay on the money you withdraw will be yet another loss on top of the future gains you will losing.

What is the currency of 'US Dollar (USD) ' ? -General Knowledge

Description : What is the currency of 'US Dollar (USD) ' ? -General Knowledge

Last Answer : The currency of 'US Dollar (USD) ' is called CFA Franc BEAC ‡

When troubleshooting a magnetic controller, it is found that the contacts are welded together. The most probable cause is _____________. A. excessive operation at low load B. high ambient temperature C. low voltage on the operating coil D. high voltage on the operating coil

Description : When troubleshooting a magnetic controller, it is found that the contacts are welded together. The most probable cause is _____________. A. excessive operation at low load B. high ambient temperature C. low voltage on the operating coil D. high voltage on the operating coil

Last Answer : Answer: C

Why is linking the US dollar to the gold standard a good or bad idea?

Description : Why is linking the US dollar to the gold standard a good or bad idea?

Last Answer : answer:It's a bad idea. Or perhaps more accurately, a useless idea. I wonder if you have ever thought about money and what it is? Is paper money? Are shells money? Is gold money? Gold ... people feel confident. We'll see what happens. Once the confidence comes back, the economy will grow again.

The US dollar. Prognosis?

Description : The US dollar. Prognosis?

Last Answer : No expert here, but my guess is that we need to ride it out.

If the US Treasury were to mint a $1T coin, how would that be different from printing the same amount of paper currency?

Description : If the US Treasury were to mint a $1T coin, how would that be different from printing the same amount of paper currency?

Last Answer : As I read the article, the law says it must be a platinum COIN, not something on paper. I guess that the assumption is that coin is solid and permanent, while pieces of paper are ephemral.

How did you earn your first dollar (or your local currency)?

Description : How did you earn your first dollar (or your local currency)?

Last Answer : My parents believed in paying us to work around the house from a very young age.

Most stable currency ? Dollar, Euro, Pound, Dinar?

Description : Most stable currency ? Dollar, Euro, Pound, Dinar?

Last Answer : No answers :). Seems like everyone is busy with Plain-Biden debate…

Do you prefer dollar or euro currency?

Description : Do you prefer dollar or euro currency?

Last Answer : Both currencies are not my country's currency but been the fact that most countries engage in international trade it becomes very necessary to have foreign currencies for international transactions. I will ... currency used n the world for global transactions makes it earn more of people's trust.

What is the Currency of Japan? a. Dollar B. Euro C. Yen D. Renminbi

Description : What is the Currency of Japan? a. Dollar B. Euro C. Yen D. Renminbi

Last Answer : C. Yen

An 80 year old male presented with dull aching loin pain & interrupted voiding of urine. BUN and creatinine were increased. US revealed a bilateral hydronephrosis. What is the most probable Dx? a) Stricture of the urethra b) Urinary bladder tumor c) BPH d) Pelvic CA e) Renal stone

Description : An 80 year old male presented with dull aching loin pain & interrupted voiding of urine. BUN and creatinine were increased. US revealed a bilateral hydronephrosis. What is the most probable Dx? a) Stricture of the urethra b) Urinary bladder tumor c) BPH d) Pelvic CA e) Renal stone

Last Answer : c) BPH

The SDGs (Sustainable Development Goals) which were accepted in 2015, replaced which earlier goals/ agreement?(Agriculture MCQ) a. A Intended Development Goals (IDGs) b. B Centenary Development Goals (CDGs) c. C Millennium Development Goals (MDGs) d. D Ecology Development Goals (EDGs)

Description : The SDGs (Sustainable Development Goals) which were accepted in 2015, replaced which earlier goals/ agreement?(Agriculture MCQ) a. A Intended Development Goals (IDGs) b. B Centenary Development Goals (CDGs) c. C Millennium Development Goals (MDGs) d. D Ecology Development Goals (EDGs)

Last Answer : c. C Millennium Development Goals (MDGs)

Prior to using an analog type ohmmeter, the leads are purposely shorted together. Which of the following actions should be taken if, when adjusting to 'zero' ohms, the indicating needle can not be returned to 'zero' on the scale? A. The lead clips should be replaced. B. The batteries should be replaced. C. The test reading should be added to each final reading. D. The test reading should be subtracted from each final reading.

Description : Prior to using an analog type ohmmeter, the leads are purposely shorted together. Which of the following actions should be taken if, when adjusting to 'zero' ohms, the indicating needle can not be ... be added to each final reading. D. The test reading should be subtracted from each final reading.

Last Answer : Answer: B

True statements about the nucleic acid include: a. contains purine and pyrimidine which are bound together by covalent bonds b. there is always an equal concentration of purine and pyrimidine c. in RNA, thymine is replaced by uracil d. introns is more common than exons on the DNA e. the histones mark the excision site

Description : True statements about the nucleic acid include: a. contains purine and pyrimidine which are bound together by covalent bonds b. there is always an equal concentration of purine and pyrimidine c. in RNA, ... d. introns is more common than exons on the DNA e. the histones mark the excision site

Last Answer : there is always an equal concentration of purine and pyrimidine

Would you use a Dollar Coin instead of a Dollar bill?

Description : Would you use a Dollar Coin instead of a Dollar bill?

Last Answer : No. I prefer paper bills. I hate jingly things in my pockets and despise coin purses. I prefer stealth mode when moving out and about.

As a result of higher rate of inflation in India, the U.S. dollar will - (1) Depreciate (2) Constant (3) Negligible (4) Appreciate

Description : As a result of higher rate of inflation in India, the U.S. dollar will - (1) Depreciate (2) Constant (3) Negligible (4) Appreciate

Last Answer : (4) Appreciate Explanation: A relatively higher rate of inflation causing rise in prices of the goods in India as compared to those in the USA will make US goods relatively cheaper and the Indian ... rate of inflation in India, the US dollar -will appreciate and the Indian rupee will depreciate.

The price elasticity of demand is the: a. percentage change in quantity demanded divided by the percentage change in price b. percentage change in price divided by the percentage change in quantity demanded c. dollar change in quantity demanded divided by the dollar change in price d. percentage change in quantity demanded divided by the percentage change in quantity supplied

Description : The price elasticity of demand is the: a. percentage change in quantity demanded divided by the percentage change in price b. percentage change in price divided by the percentage change in ... in price d. percentage change in quantity demanded divided by the percentage change in quantity supplied

Last Answer : a. percentage change in quantity demanded divided by the percentage change in price

As a result of higher rate of inflation in India, the U.S. dollar will (1) Depreciate (2) Constant (3) Negligible (4) Appreciate

Description : As a result of higher rate of inflation in India, the U.S. dollar will (1) Depreciate (2) Constant (3) Negligible (4) Appreciate

Last Answer : Appreciate

Other than the gold standard what non fiat currency is a good investment?

Description : Other than the gold standard what non fiat currency is a good investment?

Last Answer : It sounds like you are asking what good barter items might be. It would have to be something that lasts a long time or something that can be created continuously, something physical, and something that ... system is kicking in, growing your own and trading it for things you need is a win-win.

What is the future of crypto digital currency?

Description : What is the future of crypto digital currency?

Last Answer : There is not a consolidated super power thinking on cryptos. And making a fiat crypto would differ from the privately manufactured cryptos. At the core of your question is a discussion on what is ... Roght now, cryptos are nothing more than Ponzi schemes that have almost failed but not quite yet.

Would inflation happen if every country printed equal amounts of currency?

Description : Would inflation happen if every country printed equal amounts of currency?

Last Answer : Inflation would happen no matter what.

What exactly is China doing to keep the value of their currency low, and why is it important?

Description : What exactly is China doing to keep the value of their currency low, and why is it important?

Last Answer : answer:They make more of it lots more of it. The result is inflation which leads their money to statistically be worth less. It's important because it benefits companies that reside in China and operate ... also why it actually BENEFITS the US in some cases for the value of the dollar to go down.

Today, China is calling for a new reserve currency. What will happen now?

Description : Today, China is calling for a new reserve currency. What will happen now?

Last Answer : A global currency? Is this the beginning of a world government?

Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Description : Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Last Answer : (4) Hot currency Explanation: Hot money or currency is a term that is most commonly used in financial markets to refer to the now of funds (or capital) from one country to another in ... money" because they can move very quickly in and out of markets, potentially leading to market instability.

Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : (4) All of the above Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which ... deficit. Import substitution means promotion of export to replace imports. It is also fallout of devaluation.

A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Description : A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Last Answer : (2) Managed Currency Explanation: Managed currency refers to currency whose ex-change rate is not determined by the free-market forces of demand and supply but instead by the government's intervention through the country's central bank.

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : "Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : (4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common ... tender in many countries. Legal tender money is a type of payment that is protected by law.

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

If a country devalues its currency, its - (1) (1) Exports become cheaper and imports become costlier (2) (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Description : If a country devalues its currency, its - (1) (1) Exports become cheaper and imports become costlier (2) (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports

Last Answer : (1) Exports become cheaper and imports become costlier Explanation: Devaluation means official lowering of the value of a country's currency within a fixed exchange rate system, by which the ... turn, means that imports are more expensive, making domestic consumers less likely to purchase them.

When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Description : When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Last Answer : (2) Depreciation Explanation: Revaluation is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold ... . central bank) can alter the official value of the currency. It is opposite of devaluation.

)A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Description : )A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Last Answer : (1) Soft currency Explanation: Soft currency is a currency with a value that fluctuates as a result of the country's political or economic uncertainty which may be due to balance of payments ... set unrealistically high exchange rates, pegging their currencies to a currency such as the U.S. dollar

Pegging up of a currency means, fixing the value of a currency - (1) at a constant level (2) at a lower level (3) at a higher level (4) leaving it to market forces

Description : Pegging up of a currency means, fixing the value of a currency - (1) at a constant level (2) at a lower level (3) at a higher level (4) leaving it to market forces

Last Answer : (1) at a constant level Explanation: Currency pegging is the idea of fixing the exchange rate of a currency by matching its value to the value of another single currency or to a basket of other ... the value of a currency, with respect to the .currency or the other valuable it is pegged to.

The balance of payments of a country is in equilibrium when the - (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Description : The balance of payments of a country is in equilibrium when the - (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Last Answer : (2) demand for the domestic currency is equal to its supply Explanation: When the balance of payments (BOP) of a country is in equilibrium, the surplus or deficit is eliminated from the ... currency is equal to its supply. The demand and supply situation is thus neither favourable nor unfavourable.

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : (3) Cheque Explanation: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money which may ... Different credit instruments, like, cheques, bank drafts, etc., are the examples of optional money.

'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Description : 'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Last Answer : (2) circulation of currency Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave ... will flood into circulation." It is commonly stated as: "Bad money drives out good."

The outcome of 'devaluation of currency' is - (1) increased export and improvement in balance of payment (2) increased export and foreign reserve deficiency (3) increased import and improvement in balance of payment (4) increased export and import

Description : The outcome of 'devaluation of currency' is - (1) increased export and improvement in balance of payment (2) increased export and foreign reserve deficiency (3) increased import and improvement in balance of payment (4) increased export and import

Last Answer : (1) increased export and improvement in balance of payment Explanation: Devaluation is a reduction in the exchange value of a country's monetary unit in terms of gold, silver, or foreign ... home country's export sales and discourages expenditures on imports, thus improving its balance of payments.

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer : (1) decrease in the internal value of money Explanation: Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank ... with developing countries that don't allow their currency prices to float freely on the open market.

7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Description : 7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Last Answer : c. currency and reserves

The ratio of foreign rates to domestic rates measured in the 'same' currency is known as:a) Real exchange rateb) Nominal exchange ratec) Superfluous exchange rated) None of the above

Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Description : Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : b) Nominal exchange rate

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Description : An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Last Answer : (d) Leads to a movement along MEC schedule

The balance of payments of a country is in equilibrium when the (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Description : The balance of payments of a country is in equilibrium when the (1) demand as well as supply of the domestic currency are the highest (2) demand for the domestic currency is equal to its supply (3) demand for the domestic currency is the highest (4) demand for the domestic currency is the lowest

Last Answer : demand for the domestic currency is equal to its supply