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Which of the following statements best describes ‘Hard Currency’?
  • a)
    It's a currency that's been used during a balance-of-payments crisis.
  • b)
    It is a commonly used currency on the international market.
  • c)
    It is a commonly recognised form of payment for goods and services worldwide.
  • d)
    None of the above.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements best describes ‘Hard Currency&...
HARD CURRENCY refers to money issued by a nation that is seen as politically and economically stable. HARD CURRENCIES are widely accepted worldwide as a form of payment for goods and services and may be preferred over the domestic CURRENCY.
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Which of the following statements best describes ‘Hard Currency&...
The concept of supply and demand?

A. Supply refers to the quantity of a good or service that producers are willing to offer at a given price, while demand refers to the quantity of a good or service that consumers are willing to buy at a given price.

B. Supply refers to the quantity of a good or service that consumers are willing to buy at a given price, while demand refers to the quantity of a good or service that producers are willing to offer at a given price.

C. Supply and demand are two separate concepts that do not interact with each other.

D. Supply and demand refer to the same concept and can be used interchangeably.
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Which of the following statements best describes ‘Hard Currency’?a)Its a currency thats been used during a balance-of-payments crisis.b)It is a commonly used currency on the international market.c)It is a commonly recognised form of payment for goods and services worldwide.d)None of the above.Correct answer is option 'C'. Can you explain this answer?
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Which of the following statements best describes ‘Hard Currency’?a)Its a currency thats been used during a balance-of-payments crisis.b)It is a commonly used currency on the international market.c)It is a commonly recognised form of payment for goods and services worldwide.d)None of the above.Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which of the following statements best describes ‘Hard Currency’?a)Its a currency thats been used during a balance-of-payments crisis.b)It is a commonly used currency on the international market.c)It is a commonly recognised form of payment for goods and services worldwide.d)None of the above.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements best describes ‘Hard Currency’?a)Its a currency thats been used during a balance-of-payments crisis.b)It is a commonly used currency on the international market.c)It is a commonly recognised form of payment for goods and services worldwide.d)None of the above.Correct answer is option 'C'. Can you explain this answer?.
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