English, asked by yashdattanikam, 6 months ago

vehicle currency is issued by?​

Answers

Answered by naureennayab687
3

Answer:

A currency which is extensively used by traders and bankers in international trade transactions, i.e. used as an international medium of exchange (such as the dollar).........

Answered by bandameedipravalika0
0

Explanation:

The US dollar functions as a "vehicle currency" in the sense that agents in non-dollar economies will generally engage in currency trade indirectly through the US dollar rather than directly through bilateral trade among their own currencies.

The currency used to invoice an international trade transaction, especially when it is not the importer's or exporter's native currency.We explore the nature of the efficiency gains arising from a vehicle  currency.

Similar questions