This is incorrect. The easier a currency is to exchange for other goods, services, or currencies, the better a medium of exchange it is.
If the USD wasn't easily exchanged for other currencies, it wouldn't be as valuable around the world.
This is incorrect. The easier a currency is to exchange for other goods, services, or currencies, the better a medium of exchange it is.
If the USD wasn't easily exchanged for other currencies, it wouldn't be as valuable around the world.
This is incorrect. USD is easily exchanged but holds no value. The reason the Dollar has value is because a group of powerful people mandated (Proclaimed) USD as the Reserve Currency. That is the only reason it holds value. Bretton Woods.
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