Community Forex Questions
What is national currency?
The national currency is a monetary unit issued by the state Central Bank as a means of settlement on the country's territory.
Functions of the national currency:
1. making payments on the territory of the country
2. implementation of currency and credit transactions;
3. an indication of the cost of goods. works and services
4. protection of the economic independence of the state
5. regulation of foreign trade relations
storage medium.
6.universal bargaining chip within the state
Functions of the national currency:
1. making payments on the territory of the country
2. implementation of currency and credit transactions;
3. an indication of the cost of goods. works and services
4. protection of the economic independence of the state
5. regulation of foreign trade relations
storage medium.
6.universal bargaining chip within the state
Dec 09, 2021 14:43