HEYA✓✓✓✓✓✓✓✓answer this.......................,...........
1)WHY IS DOLLAR PREFERRED ALL OVER THE WORLD?
2)WHT WILL HAPPEN IF 1 DOLLAR=1 RUPEES........
3)CAN THE ABOVE BE REALITY IN FUTURE...........
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I am asking this question 4 th time no one yet replied it correctly
Answers
1) Thus, as a currency becomes less stable, or its economy becomes less dominant, bankers may over time abandon it for a currency issued by a larger or more stable economy. ... In 1944, when the US dollar was chosen as the world reference currency at Bretton Woods, it was only the second currency in global reserves.
2) What If 1 Rupee Is Equal To 1 Dollar?
What will happen if 1 Rupee equates to 1 Dollar? Is it good for the economy? Does the value of currency determine the strength of the economy of a country? Let me answer all these questions in this article. Since this article is for startup enthusiasts and students, I will not dig into deep economics and use simple words to explain the scenario.
You never imagined that if $1 = ₹1, the iPhone 6 would cost only ₹650 in India. That’s pretty good enough? Right? No, you will be more reluctant to spend even ₹1 as the value of the currency is very high. By spending ₹650, you will have same feeling while spending ₹70-80,000 as of now.
3) it may be or may be not because none knows tomorrow ....