hard currency implies a strong currency that is well supported by reserves. that coins are minted using a hard metal. a currency whose exchange rate cannot move above a hard ceiling. a stable currency that is hard to move.

hard currency implies a strong currency that is well supported by reserves. that coins are minted using a hard metal. a currency whose exchange rate cannot move above a hard ceiling. a stable currency that is hard to move.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: International Finance

Section: Chapter Questions

Problem 8QP

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Question

hard currency implies

		a strong currency that is well supported by reserves.
		that coins are minted using a hard metal.
		a currency whose exchange rate cannot move above a hard ceiling.
		a stable currency that is hard to move.

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