Which of the Following Statements Is True Regarding Hard Currencies

question 90

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,which is easily converted into other currencies.
• 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:

Confidence Interval

An expanse of measurable outcomes, derived from sample analysis, foreseen to incorporate the hidden value of a population attribute.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values from their mean.

Confidence Interval

A range of values, derived from sample data, that is likely to include the value of an unknown population parameter.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.