Regarding hard currencies,which of the following statements is true?
A)Countries with hard currency typically use the barter system when exporting goods.
B)The U.S.dollar is an example of hard currency,which is easily converted into other currencies.
C)Hard currency is difficult to convert into other currency.
D)A country with hard currency is likely to have a trade deficit.

Question

Quizplus · Accepted Answer

Hard currencies, like the U.S. dollar, are characterized by their stability and wide acceptance globally, making them easily convertible into other currencies. This facilitates international trade and investment.

Regarding Hard Currencies,which of the Following Statements Is True