Which of the Following Statements Is True Regarding Hard Currencies

question 110

Multiple Choice

Which of the following statements is true regarding hard currencies?

• A) Countries with hard currency typically use the barter system when exporting goods.
• B) The U.S. dollar is an example of hard currency.
• C) Hard currency is difficult to convert into other currency.
• D) A country with hard currency is likely to have a trade deficit.

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Definitions:

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