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The concept of Global economy from the very beginning has been facing stiff challenges from the world over. The rise of the United States of America as the sole super power in the international hegemony subsequent to the disintegration of the Soviet Union along with its satellites has given rise to the concept of Liberalization, Globalization and Privatization in the global helm of affairs. Howev..
More currency articlesA currency is a unit of exchange, facilitating the transfer of goods and services. It is a form of money, where money is defined as a medium of exchange (rather than a store of value). A currency zone is a country or region in which a specific currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates i.e. prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in "coins and currency", but this is misleading. Coins and paper money are both forms of currency.
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