Why is it important for nations to have a system for exchanging from one currency to another?

Why is it important for nations to have a system for exchanging from one currency to another?
by

1 Answer

Answer :

Need answer
by
selected by

Related questions

An act of exchanging a thing with another thing as a part of a business is called ? 1. Business Exchange 2. Trade-off 3. Bidding 4. Tender 5. None of these

Description : An act of exchanging a thing with another thing as a part of a business is called ? 1. Business Exchange 2. Trade-off 3. Bidding 4. Tender 5. None of these

Last Answer : Trade-off

Exchanging Wheat for Rice is the example of a. Indigenous Banking System b. Barter System c. Public Distribution System d. None of the above

Description : Exchanging Wheat for Rice is the example of a. Indigenous Banking System b. Barter System c. Public Distribution System d. None of the above

Last Answer : b. Barter System

Why is it Tengo un libro para ti instead of Tengo un libro por ti? Isn't por used for exchanges? The sentence Tengo un libro por ti indicates that I will give you something and giving is exchanging, right? Please help.

Description : Why is it Tengo un libro para ti instead of Tengo un libro por ti? Isn't por used for exchanges? The sentence Tengo un libro por ti indicates that I will give you something and giving is exchanging, right? Please help.

Last Answer : Exchange means trade or swap: you give them something and they give you something back for it. It's not a gift, its one thing traded for another: I give you the book and you give me a scarf. So maybe ... a gift. I don't know the Spanish rules at all, but I can see that you're misusing exchange.

A car crashed into a pianist's car while taking a turn on a intersection. While exchanging insurances, what did the pianist say to the person? Format: That was ____ turn lad! Next time, ____ for cars while turning on an intersection! Now, I gotta get ____ to the studio for my piano recital! -Riddles

Description : A car crashed into a pianist's car while taking a turn on a intersection. While exchanging insurances, what did the pianist say to the person? Format: That was ____ turn lad! Next time, ____ for cars while turning on an intersection! Now, I gotta get ____ to the studio for my piano recital! -Riddles

Last Answer : That was A-Sharp turn lad! Next time, B-Sharp for cars while turning on an intersection! Now, I gotta get Bach to the studio for my piano recital!

Have you ever been sitting somewhere with someone in silence, just exchanging a few words, and yet you left that person with the feeling that it was one of the most meaningful conversations of your life?

Description : Have you ever been sitting somewhere with someone in silence, just exchanging a few words, and yet leaving that person with the feeling that it was one of the most meaningful conversations of your life?

Last Answer : Yes. I could hardly explain, but I just felt like we were attuned to each other and understood me, even if I could barely tell him a few things.

The display on galaxy a5 does not work even after exchanging for a new one.

Description : Hello, about half a year ago my galaxy A5 fell and the touch burst (not the lcd) and now the alarm clock woke me up but the display doesn't light up. Completely black, only the lower buttons respond ... same problem. So I don't think it was a display. Does anyone have any experience? Thanks a lot

Last Answer : Visit service.

Is a service that banks provide Exchanging money Loaning money Printing money Trading stocks?

Description : Is a service that banks provide Exchanging money Loaning money Printing money Trading stocks?

Last Answer : Feel Free to Answer

What practice of making contacts and exchanging information with other people groups or institutions is known as what?

Description : What practice of making contacts and exchanging information with other people groups or institutions is known as what?

Last Answer : Networking

Electronic-commerce consists of: a. Selling and Buying b. Exchanging Services c. Trade conduction d. All the three

Description : Electronic-commerce consists of: a. Selling and Buying b. Exchanging Services c. Trade conduction d. All the three

Last Answer : b. Exchanging Services

.Hammerling’s experiments of Acetabularia involved exchanging (a) cytoplasm (b) nucleus (c) rhizoid and stalk (d) gametes.

Description : .Hammerling’s experiments of Acetabularia involved exchanging (a) cytoplasm (b) nucleus (c) rhizoid and stalk (d) gametes.

Last Answer : c) rhizoid and stalk

Zeolite is a/an (A) Naturally occuring clay which is capable of exchanging cations (B) Abrasive material (C) Catalyst used in shift conversion (D) None of these

Description : Zeolite is a/an (A) Naturally occuring clay which is capable of exchanging cations (B) Abrasive material (C) Catalyst used in shift conversion (D) None of these

Last Answer : (A) Naturally occuring clay which is capable of exchanging cations

Distance vector routing algorithm is a dynamic routing algorithm. The routing tables in distance vector routing algorithm are updated ........... (1) automatically (2) by server (3) by exchanging information with neighbour nodes. (4) with back up database

Description : Distance vector routing algorithm is a dynamic routing algorithm. The routing tables in distance vector routing algorithm are updated ........... (1) automatically (2) by server (3) by exchanging information with neighbour nodes. (4) with back up database

Last Answer : Answer: 3

Can the United Nations print its own currency?

Description : Can the United Nations print its own currency?

Last Answer : answer:I am no economist, but I will give it a shot :) I dont think they would be able to do that. The UN is not a nation backed organisation in the sense that there is a pool of ressources that they ... a better answer :) OH.. And I would call it Galactic Credits, just for the added SCi-Fi feel :p

Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Description : Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Last Answer : D. A basket of currencies

Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this basket? A. IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Description : Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this ... . IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Last Answer : B. Special Drawing Right

Name the important declarations and conferences which took place before the formation of the Untied Nations Organisation. -SST 10th

Description : Name the important declarations and conferences which took place before the formation of the Untied Nations Organisation. -SST 10th

Last Answer : The following were the important declarations and conferences which brought about the formation of the United Nations Organisation finally: (i) The London Declaration, 1941 (ii) The Atlantic Charter, 1941 ... (viii) Committee of Jurists meeting April, 1945 (ix) The San Francisco Conference, 1945

Why was the league of five nations important?

Description : Why was the league of five nations important?

Last Answer : Need answer

Pakistan, recently, lost an important election to a United Nations body. Please identify the name of the UN body. A. Economic and Social Council B. Security Council C. Human Rights Council D. None of these

Description : Pakistan, recently, lost an important election to a United Nations body. Please identify the name of the UN body. A. Economic and Social Council B. Security Council C. Human Rights Council D. None of these

Last Answer : ANSWER: C

Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : A. Nostro Account Explanation: Nostro account refers to an account that a bank holds in a foreign currency in another bank.

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