What will happen if world stops using dollar as exchange medium?

What will happen if world stops using dollar as exchange medium?
by

1 Answer

Answer :

It would make international trade more difficult for US corporations, especially if our large trading partners said “you must pay us in euros” or “we will only pay in euros”. But really, it isn’t as if all international trade is dollar denominated. Most trade is not; much trade is done in euros and in renminbi and other currencies, without dollar involvement. The more worrisome question would be, “what occurred to have people getting out of dollars and into euros (or other currency)?”
by

Related questions

What would happen if my laptop fan stops working?

Description : What would happen if my laptop fan stops working?

Last Answer : If Laptop fan stops working then following things will happen: 1. CPU can overheat beyond its working temperature. 2. Overheated CPU can heat up further and can damage Motherboard and connected components such as USB, Charging Jack etc.

What would happen if water cycle stops?

Description : What would happen if water cycle stops?

Last Answer : Need answer

I need gift ideas for a family ********* gift exchange. A unisex gift with a 50 dollar cap. Ideas?

Description : I need gift ideas for a family Christmas gift exchange. A unisex gift with a 50 dollar cap. Ideas?

Last Answer : answer:You could make up a gift basket with a theme. For example, if they're coffee drinkers, you could do various coffees (or teas) with a fancy or funny mug, or teapot and various teas and a tea ... put it in a basket, put some celophane on it and a pretty ribbon, make it look professional.

What's the exchange rate US dollar to Southafrican rand?

Description : What's the exchange rate US dollar to Southafrican rand?

Last Answer : One (1) US dollar equals 7.60 South African Rands in December of 2009.

Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will be more expensive in francs C. American imports from Switzerland will be cheaper in dollars D. None of the above

Description : Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will ... francs C. American imports from Switzerland will be cheaper in dollars D. None of the above

Last Answer : A. American exports to Switzerland will be cheaper in francs

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Description : Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Last Answer : B. Depreciate

Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Description : Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued

Last Answer : A. Appreciate

Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against foreign currencies B. Depreciate against foreign currencies C. Be officially revalued by the government D. Be officially devalued by the government

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

What is the term for the exchange of goods disease plants and crops that happen because Europeans settled in the new world?

Description : What is the term for the exchange of goods disease plants and crops that happen because Europeans settled in the new world?

Last Answer : The Columbian exchange

Why is currency accepted as a medium of exchange? -SST 10th

Description : Why is currency accepted as a medium of exchange? -SST 10th

Last Answer : . Modern forms of money include currency-paper notes and coins. . Modern currency is not made of precious metals such as gold, silver and copper. . The modern currency is without any use of its ... is allowed to issue currency. . No individual in India can legally refuse a payment made in rupees.

How does money act as a medium of exchange ? -SST 10th

Description : How does money act as a medium of exchange ? -SST 10th

Last Answer : Money acts as a medium of exchange because any good can be bought or sold with the money as their value is already decided in the market in terms of money.

Why is modern currency accepted as a medium of exchange without any use of its own ? Find out the reason. -SST 10th

Description : Why is modern currency accepted as a medium of exchange without any use of its own ? Find out the reason. -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange: 1. Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the ... to issue the currency. 3. The rupee cannot be refused legally as a medium of payment in India.

Modem currency is without any use of its own'; then why is it accepted as a medium of exchange ? -SST 10th

Description : Modem currency is without any use of its own'; then why is it accepted as a medium of exchange ? -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange because it is authorised by the government of the country.

How is money used as a medium of exchange ? Explain with examples. -SST 10th

Description : How is money used as a medium of exchange ? Explain with examples. -SST 10th

Last Answer : Money is used as a medium of exchange by: 1. Goods and services can be bought and sold with the use of money. For example, someone who wants shoes can buy it with money and if someone wants ... it's the intermediary in the exchange process. Anything in the market can be bought and sold with it.

What is money ? Why is modern money currency accepted as a medium of exchange ? -SST 10th

Description : What is money ? Why is modern money currency accepted as a medium of exchange ? -SST 10th

Last Answer : Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.

What is it that can act as a medium of exchange in transactions? -SST 10th

Description : What is it that can act as a medium of exchange in transactions? -SST 10th

Last Answer : It is money that can act as a medium of exchange in transactions.

Why is the rupee widely accepted as a medium of exchange? -SST 10th

Description : Why is the rupee widely accepted as a medium of exchange? -SST 10th

Last Answer : (i) In India, the Reserve Bank of India issues currency notes on behalf of the central government. (ii) As per Indian law, no other individual or organisation is allowed to issue currency. (iii ... legally refuse a payment made in rupees. Hence,the rupee is widely accepted as a medium of exchange.

What is money? Why is modern money currency accepted as a medium of exchange? -SST 10th

Description : What is money? Why is modern money currency accepted as a medium of exchange? -SST 10th

Last Answer : Money is something that can act as a medium of exchange in transactions. Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of ... a person holding money can easily exchange it for any commodity or service that he or she wants.

How does money act as medium of exchange ? -SST 10th

Description : How does money act as medium of exchange ? -SST 10th

Last Answer : It acts as an intermediate in the exchange process and transactions. We can buy things if we have money in our pockets.

How is money used as a medium of exchange ? -SST 10th

Description : How is money used as a medium of exchange ? -SST 10th

Last Answer : Money acts as a medium of exchange in the following ways: (i) Overcomes the problem of double co-incidence of wants. For example, if a person needs wheat in exchange of tea, then he/she must search ... such searches redundant. (ii) Acts as a medium of deferred payment. (iii) Has a store value.

Why is modern currency accepted as a medium of exchange without any use of its own ? -SST 10th

Description : Why is modern currency accepted as a medium of exchange without any use of its own ? -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange without any use of its own because: (i) Modern currency is authorized by the government of a country. (ii) In India, the Reserve Bank of ... settling transactions in India. (v) No individual in India can legally refuse a payment made in rupees.

‘‘The rupee is widely accepted as a medium of exchange.’’ Explain. -SST 10th

Description : ‘‘The rupee is widely accepted as a medium of exchange.’’ Explain. -SST 10th

Last Answer : The rupee is widely accepted as a medium of exchange because: (i) The currency is authorised by the government of the country. (ii) In India, the Reserve Bank of India issues currency notes ... legally refuse a payment made in rupees. Hence, the rupee is widely accepted as a medium of exchange.

why is water used as a medium in so many heat exchange processes?

Description : why is water used as a medium in so many heat exchange processes?

Last Answer : it distributes heat energy uniformly

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Portal is a system of a) A gateway to information or news about a range of services b) Communication Medium c) Medium of exchange d) Online payment medium

Description : Portal is a system of a) A gateway to information or news about a range of services b) Communication Medium c) Medium of exchange d) Online payment medium

Last Answer : a) A gateway to information or news about a range of services

1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Description : 1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Last Answer : a. medium of exchange

For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Description : For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Last Answer : (a) Measure of value.

Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (b) Medium of exchange ;

Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (c) Standard of value ;

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

What's taller than a thousand trees growing taller and taller by the season. It's yellow and orange and sometimes it's pink. It has no mind but often thinks. When it falls the world will crumble but not a human mind will be troubled. Laughing and smiling without voice joking and speaking without mouth. Up, up, up, it goes where it stops no man knows. Moving forever without being seen but whispering softly into the green. (the green stands for grass) What is it? -Riddles

Description : What's taller than a thousand trees growing taller and taller by the season. It's yellow and orange and sometimes it's pink. It has no mind but often thinks. When it falls the world will crumble ... being seen but whispering softly into the green. (the green stands for grass) What is it? -Riddles

Last Answer : Sunset.

How can you give someone $63 using six bills, without using any one dollar bills? -Riddles

Description : How can you give someone $63 using six bills, without using any one dollar bills? -Riddles

Last Answer : 1 - $50 bill, 1 - $5 bill , 4 - $2 bills

How do you make 1 dollar using pennies nickels dimes and quarters using exactly 50 coins?

Description : How do you make 1 dollar using pennies nickels dimes and quarters using exactly 50 coins?

Last Answer : There are 2 solutions (if you include the non-use of quarters): 1 Quarter, 2 Dimes, 2 Nickels, 45 Pennies No Quarters, 2 Dimes, 8 Nickels, 40 Pennies

Would it be more responsible if the media stops giving the president air time?

Description : Would it be more responsible if the media stops giving the president air time?

Last Answer : Saw a poll, think was from CNN but can't be sure, that showed his approval rating is higher than Obama's was at the same stage of his presidency. Something like 47% to 46 in his favour, ... expected he's playing the media to suit his cause & obviously his core support remains strong, although weird.

Does anyone know what to do when a parent stops paying child support?

Description : Does anyone know what to do when a parent stops paying child support?

Last Answer : I am in florida if that helps, and i meant state not country, sorry, he lives in new york, I am in florida.

What should be done if an air conditioner stops working, instead of getting rid of it or calling an expert?

Description : What should be done if an air conditioner stops working, instead of getting rid of it or calling an expert?

Last Answer : What are you asking? Maybe call your cousin Bob to see if he can fix it? Find a tutorial on YouTube? I’m not sure what you want to know, here.

When people or someone makes you angry, what stops you from doing them harm?

Description : When people or someone makes you angry, what stops you from doing them harm?

Last Answer : I talk to family and friends. I try to show mercy and grace. I internalize blame in my self and take responsibility for my beliefs and walk away.

Is it too infrequent to request a home health aide who stops by once a week?

Description : Is it too infrequent to request a home health aide who stops by once a week?

Last Answer : No, it is not too infrequent. Many aides will have several clients. Call an agency or put out an ad and look for one you like. Good luck!

Why, oh why is it that if a man stops to assist a woman in someway, even if she didn't ask for help and didn't need help, they always expect a sexual favor in return?

Description : Why, oh why is it that if a man stops to assist a woman in someway, even if she didn't ask for help and didn't need help, they always expect a sexual favor in return?

Last Answer : To assume that all men are like that is sexist.

When you and another car come to an unmarked intersection in a residential area, and the other car gets there a few seconds before you do and stops, what do you do?

Description : When you and another car come to an unmarked intersection in a residential area, and the other car gets there a few seconds before you do and stops, what do you do?

Last Answer : Totally unmarked ?Like no signage at all? no light, no stop sign, no yield sign? The other driver is treating it like a four way stop,which is safe, and probably expecting other drivers to do ... first driver was still playing safe to see if the other driver would stop or just plow right through.

Is it true that when an alcoholic stops drinking suddenly that he would get sick?

Description : Is it true that when an alcoholic stops drinking suddenly that he would get sick?

Last Answer : Yes, withdrawal can be deadly. It can cause uncontrolled seizures and all sorts of scary things.

What to do when the teflon stops being non-stick?

Description : What to do when the teflon stops being non-stick?

Last Answer : Read this.

What color in nature stops your heart?

Description : What color in nature stops your heart?

Last Answer : I’m not sure about the heart-stopping stuff. That sounds awfully dangerous. But I really love when a section of the woods all has leaves that are bright yellow. The sun will shine through them and paint everything in a yellow glow.

[SFW] If you could be the opposite gender for one day, what would you want to do that your current gender stops you from doing?

Description : [SFW] If you could be the opposite gender for one day, what would you want to do that your current gender stops you from doing?

Last Answer : Pee pretty much anywhere. If my boyfriend needs the toilet when on a long car journey we just stop and he goes in the nearest bush. I have to wait until we get to the nearest service station as I don’t feel comfortable just squatting anywhere! It’s something that I often feel jealous of!!

Does excessive use of illicit drugs eventually mean that the brain stops functioning properly?

Description : Does excessive use of illicit drugs eventually mean that the brain stops functioning properly?

Last Answer : answer:I think it depends on the drug and usage. I've seen a beautiful 22 yr old man that burnt himself to the core by using too much acid. It was very sad. That being said, I've known a ... . Most recreational users, not HARD CORE ADDICTS, do not have any long-term affects from what I've seen.

Can the solar panel on an outdoor solar light be replaced if it stops working?

Description : Can the solar panel on an outdoor solar light be replaced if it stops working?

Last Answer : Not really, and it would be cheaper to get a new one. Not worth the trouble to replace it, I've taken apart loads of these things. Solar panels really don't stop working anyways, unless you ... power to them, the only thing is tha tperformance decreases when there's dust on them so keep it clean

I am trying to watch Netflix on my laptop. It stutters and stops.

Description : I am trying to watch Netflix on my laptop. It stutters and stops.

Last Answer : Not enough memory? Maybe the YouTube files are smaller.

How long until my hair stops falling out!

Description : How long until my hair stops falling out!

Last Answer : Diet is as important as taking care of your hair yourself too. Apply coconut oil twice a week. If there's too much shedding I'd suggest a hot oil treatment at home once a week. Change shampoos, use ... one. Also go for a hair mask treatment once in about two weeks. Brazil nut mask is really good.

What does it mean when a refrigerator stops making noises?

Description : What does it mean when a refrigerator stops making noises?

Last Answer : Perhaps its NO FROST function was doing some work and now that it’s settled it makes no noise. You’ll probably start hearing noises again after a short period of time. Why don’t you go to the store and ask if it’s normal?