United States fifty-dollar bill

Have you ever wondered why a dollar or even a coin has any value at all? It’s just a piece of paper or metal and just as easily seashells or beads could have been given value for trade, right? Well what’s stopping other physical objects, or in this case pieces of code, from having value? Virtual currency or “cryptocurrency”, so called because it is a currency that uses a form of cryptography, is a type of currency that exists solely online. One of the most successful cryptocurrencies to emerge…

Argentina, on the other hand, has a wide range of natural resources that the country benefits from. In 1976, the economy was affected by the depraved governance of a military dictatorship, which led to an increase in corruption and in anti-labor policies due to financial liberation increasing the country’s debt by reducing capital for investment. While Argentina is a rich country, since 1974 their economy has recorded steady economic growth meaning that there’s very little to no progress being…

the years the US dollar has proved to be one the more superior currency in the world. The US dollar will always be as strong as it because it is high in demand. Especially when we are trading with other developed economies such as Japan or Europe. So with the relatively good economy, it has helped boost up the US financial markets, it has made the us more attractive to foreign capital. Even though the US dollar has proven its worth some doubt its strength. Some claim the dollar constantly loses…

Obviously, the main currencies used in ASEAN are US dollar, Euro, UK pound, and the Japanese yen. This section shows the comparison of those currencies to RMB in recent years. As mentioned earlier, the most important currency for ASEAN is US dollar. There are several reasons behind this. First, ASEAN’s currencies were originally fixed to US dollar since the countries would like to import macroeconomic stability from US dollar. With the mismanaged U.S. monetary policy, ASEAN countries would like…

over Japan, but not significant. The growth in the economy will be affected in 2016 by the wildfires in Fort McMurray, exports, and more job losses than new positions (Kirby, 2016). There has been a decrease in Canada’s exports, mainly to the United States. Canada is currently experiencing a housing boom, which could have an effect on the economy. Some experts feel that it could end in a recession, similar to the U.S. a few years ago. Home buyers are having to save money for the down…

Australian dollar can affect the performance of the Australian economy? Exchange rates measure the relative value of a currency in exchange for a foreign currency. The exchange rate affects Australia’s economy most directly through changes in the demand for imports and exports. Australia’s adoption of a floating exchange rate in 1983 has had major implications on Australia’s relative international competiveness, terms of trade and the balance of payments. Over the past decade the Australian…

Key Term and Why You Are Interested in it I am interested in conducting more research on the Bretton Woods Agreement for several reasons. The first of which is the Agreement followed World War II, and this time period is extremely fascinating to me. But further the Bretton Woods Conference, and all the agreements made there, are the foundation for international commerce today. Because of organizations like the World Bank, and International Monetary Fund most countries operate in similar manners…

2. The PZK Co will take out a forward exchange contract, the foreign exchange contract is define as an agreement of two sides to determine in a specified amount of currency exchange on a valid date. The advantages of PZK Co use forward contracts are that, the company can hedge their imports by locking the currency rate, to avoid the unfavourable exchange rate and fluctuations thus the company can make use of the forward contract to ensure the exchange rate is fixed at the deal day. Moreover, the…

In China, the Tang Dynasty was deciding on what tax system they should use. They had two options: the once a year tax or the twice a year tax. The once a year tax would be collected once a year. The twice a year tax would be collected twice a year. Lu Zhi wrote a memorial against the twice a year tax and Lu Zhi had a good point. The taxes in China went towards anything the government needed fixed or replaced. China’s government depended on the people paying the taxes to get out of debt…

to find the piece of them that is missing. In the short story "What You Pawn I Will Redeem" by Sherman Alexie, Jackson Jackson attempts to earn over nine hundred dollars to "win" back the regalia from his grandmother at the pawn shop. Unfortunately the one day he has to earn the money for the regalia, he only comes back with five dollars, the amount he originally began with. Superficial readers would believe that Jackson goes on the journey to only win the regalia back; however, he tries to find…