What Are the Different Categories of Hardware? Give an Example

question 105

Essay

What are the different categories of hardware? Give an example of each.

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Definitions:

Own Currencies

Refers to the sovereign currency that is issued and controlled by a country's own government or central bank.

Exchange Rates

The rate at which one currency can be converted into another, indicating the quantity of one currency that can be exchanged for an alternative currency.

Eurodollars

U.S. dollars deposited in banks outside the United States, often used in international transactions.

American Dollars

The currency of the United States of America, widely used in international transactions and known as the USD.