Cryptocurrency Q&A
Which is universal currency?
Which is universal currency?
CryptoVisionary
Sat Nov 23 2024
|
6 answers
1326
I'm wondering which currency is considered universal, meaning it can be used or accepted widely in different countries or regions without any restriction.
6 answers
Riccardo
Mon Nov 25 2024
The concept of a global currency does not exist in the current financial system.
Was this helpful?
129
94
Sara
Mon Nov 25 2024
Instead, reserve currencies play a crucial role in facilitating transactions among central banks, corporations, and governments.
Was this helpful?
60
37
Silvia
Mon Nov 25 2024
These reserve currencies serve as a store of value and a medium of exchange in international trade.
Was this helpful?
374
34
Nicolo
Mon Nov 25 2024
Among the various reserve currencies, the U.S. dollar stands out as the most widely used one.
Was this helpful?
161
85
Eleonora
Sun Nov 24 2024
Its dominance is due to various factors, including the strength of the U.S. economy and the stability of its financial system.
Was this helpful?
279
39
Load 5 more related questions
