A currency becomes hard or international when the issuing country passes a law for this purpose

Question

Quizplus · Accepted Answer

A currency becomes hard or international when it is widely accepted and used for transactions beyond the borders of its issuing country. A government can encourage this by maintaining a stable economy, controlling inflation, and opening up their markets to international trade, but passing a law is not the sole determining factor.

A Currency Becomes Hard or International When the Issuing Country