Ask Question
BusinessBusiness
6 August, 02:11

What is a valid explanation as to why some nations retain nonconvertible currency?

+2
Answers (1)
  1. 6 August, 05:52
    0
    Some nations believe that a nonconvertible currency protects that nations economy. A nonconvertible currency is less susceptible to economic volatility in nations with weak economies. Further, communist countries used nonconvertible currency to limit the influence of capitalism on its citizens.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a valid explanation as to why some nations retain nonconvertible currency? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
People working in a bank must have
Answers (1)
True or false? A marketing concept includes information such as ethnic background, age, income level, and geographic location.
Answers (1)
Jel Co., a consignee, paid the freight costs for goods shipped from Dale Co., a consignor. These freight costs are to be deducted from Jel's payment to Dale when the consignment goods are sold.
Answers (1)
Critical theories argue that we must account for how we ourselves contribute to systems of power and oppression
Answers (1)
Read the scenario, and then answer the question. A pair of entrepreneurs have an idea for a diagnostic service business that will identify if patients have a specific type of disease.
Answers (2)
New Questions in Business
Jones Company has notes receivable that have a fair value of $950,000 and a carrying amount of $1,250,000. Jones decides on December 31, 2017, to use the fair value option for these recently-acquired receivables.
Answers (1)
An analyst, using a random sample of n = 500 families, obtained a 90% confidence interval for mean monthly family income for a large population: ($2700, $3300).
Answers (1)
ArmiLiza, a popular United States-based brand of handbags, has built a second factory in Mexico. The majority of the new factory's employees are Mexican citizens or Honduran immigrants.
Answers (1)
A treasury___is issued by the US government, and is considered very safe. The options are: A. bond B. Mutual fund C. Stock
Answers (2)
Fast Auditors prepared audited financial statements for Mega Company's registration statement in compliance with the 1933 Securities Act. John bought stock in Mega Company.
Answers (1)
Home » Business » What is a valid explanation as to why some nations retain nonconvertible currency?
Sign Up Forgot Password?