IMPORTANCE OF US DOLLAR:

IMPORTANCE OF US DOLLAR

Today, the world is practising foreign trade in exchange for dollars. it is a reserve currency. After the Second World War, according to Bretton Woods plan, countries agreed upon a fixed rate of exchange for all currencies to the US dollar. US dollar is also the new gold standard. The global […]

HOW VALUE OF CURRENCY IS DEFINED?

currency value

The demand for currency defines its value just like how the demand for goods and services defines its price in the market. It is nowadays understood that mostly all the currencies are compared to the dollar value; the reason why the US dollar is so much power in the world today. […]

IMPACT OF GLOBALIZED ECONOMY:

IMPACT OF GLOBALIZED ECONOMY

Globalization encourages businesses to expand and adapt to different mechanisms based on new technological trends that help to preserve the rights and interests of both the individual and the whole community at a bigger level. These dynamics enables businesses to compete at international levels and also indicates a mind-boggling change for […]

MONEY TRANSFERING AND ECONOMY:

Due to the increasing connectedness between different areas of the world, it has become important for businesses and people to send money from one place to another. The activity of money transferring has become increasingly common that it is a crucial part of the economy now. Money is transferred both inside […]