0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why is there a difference in currency value between different countries?
Because the value of each currency is based on their economic strength. Currency is traded between countries - and one currency may be in more demand (increasing its value) than another.
How do most countries indicate the value of coins today?
Locals can tell through familiarity with the currency, others because the numerical value is normally on the coin.
What is the value of an 1896 penny?
It is 1 penny.If you want to know its value in another currency you will need to specify which country the coin comes from (many countries use a penny) and in what currency you want it to be valued.
What determines the value of a digital currency?
The main determinant is the demand for that currency.
What is value of polynomial?
The value of a polynomial is determined by that of the variable.
How the value of currency of a country is determined?
This link will answer your question http://ezinearticles.com/?How-are-Currency-Values-Determined?&id=467643
Which 20 countries has highest value for it's currency?
20 countries has highest value for it's currency
Why is there a difference in currency value between different countries?
Because the value of each currency is based on their economic strength. Currency is traded between countries - and one currency may be in more demand (increasing its value) than another.
Countries with the lowest currency value?
Vietnamese Dong
What is a reduction of the value of a nation's currency relative to the currencies of other countries is called?
A Currency Devaluation
What is a currency whose value is determined by the supply and demand for the currency in the market?
Pegged currency ^For me on apex 2022 :)
Why do countries have their own currency?
Countries have their own Currency as a lot of them were made to only be used in their country of origin. Currencies like the US Dollar are widely accepted in countries outside the US due to its value over the countries own currency.
What is the difference between a fixed currency and a floating currency?
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
How is the value of paper currency determined today?
The answer depends on the currency in question. The whole idea of paper currency's value is that it is a promise of funds. If you have a $20 united states dollar, then the united states treasury is promising you that the value is $20. However the actual value is nothing, if the united states treasury stopped recognizing paper currency, then it would be worthless.
How many dollars make a dinar?
Many countries use dollar as their currency unit and they are not of the same value. Also, many countries use dinar as their currency unit and they are not of the same value. The question needs to be more specific.
How do changes in interest rates inflation productivity and income affect exchange rates?
Some countries simply allow the exchange rate to be determined by demand and supply. Some countries attempt to keep the exchange rate between their currency and another currency constant. When countries agree to keep the value of their currencies constant, there is a fixed exchange and is called exchange rate system. Exchange rate or value of a currency is defined by its supply and demand factors. If a country has high interest rate, that will attract more investors to buy that currency to invest (increase in demand for the currency). If inflation is high, the value of the currency decreases over time and therefore not attractive to hold (decrease in demand). If the country has high productivity and does a lot of exports, foreigners will need to buy currency in order buy the goods (increase in demand).
How many countries use pesos as a national currency?
There a few countries that use "pesos" but they're all of different value.
