A global currency is impossible

Question

Quizplus · Accepted Answer

There are several reasons why a global currency is impossible. Firstly, countries have their own currencies and it would be difficult to convince them to abandon their own currency in favor of a global one. Additionally, there are economic and political factors that would make it challenging to establish a global currency, such as differing inflation rates, interest rates, and government policies. Finally, there is currently no institutional framework in place to manage a global currency, which would make it difficult to maintain stability and prevent abuse.

A Global Currency Is Impossible