According to an article in the Wall Street Journal: The highest U.S. dollar denomination, the $100 bill,
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According to an article in the Wall Street Journal:
“The highest U.S. dollar denomination, the $100 bill, trades at a significant premium in many emerging markets.” Why might people in these countries wish to use U.S. currencies rather than the currencies issued by their governments? Why might their demand for $100 bills be greater than their demand for lower-denomination bills?
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People in emerging markets might use US currencies rather than the currencies issued by their gover...View the full answer
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Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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