The US dollar has been used for decades as a medium of exchange, worldwide. Before the US

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The US dollar has been used for decades as a medium of exchange, worldwide. Before the US dollar was so highly regarded, international commerce used the British pound sterling.

What causes world powers to choose to trade in one specific currency?

What does that mean for the world economy?

Why do the standard currencies change?

Do you see any changes in currency coming?

Related Book For answer-question

Quantitative Chemical Analysis

ISBN: 978-1429218153

8th edition

Authors: Daniel C. Harris

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Posted Date: Nov 25, 2018 11:28 PM

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The US dollar has been used for decades as a medium of exchange, worldwide. Before the US

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Before the first world war Britain had a huge colonial empire and its trade was also huge so due to its colonial empire and vastness of it trade International trade took place through British pound st... View the full answer

Quantitative Chemical Analysis

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