Why is per capita income calculated in
dollars and not by their own curtencies
of different countries by the world Bank?
Answers
Answered by
2
Answer:
It
Explanation:
Happens because according to world Bank the dollar is the most stable currency which is its value is not changing very frequently when compared to the other currencies.
Answered by
3
Answer:
Because Dollar is a world wide accepted currency. Also, Dollar has the highest value and acceptance all over the world. It also helps the world bank to summarise the reports on a equivalent basis i.e the dollar. If the currencies were on the basis of the nation's own value then it would be difficult for the world bank to bring out any reports on that nation. I think you might have well understood. Thank you
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