Knowee
Questions
Features
Study Tools

Currency that requires more to purchase goods or servicesChoose matching termStrong CurrencyWeak CurrencyExchange RateFree Convertible CurrencySkipped

Question

Currency that requires more to purchase goods or services

Choose matching term:

  • Strong Currency
  • Weak Currency
  • Exchange Rate
  • Free Convertible Currency
  • Skipped
🧐 Not the exact question you are looking for?Go ask a question

Solution

In the context of currency purchasing power, the term that fits the description "currency that requires more to purchase goods or services" is Weak Currency.

Explanation:

  • Weak Currency: This refers to a currency that is not strong in value, meaning it generally costs more of that currency to purchase goods or services compared to a stronger currency. Weak currencies can result from various factors including economic instability, inflation, or lower interest rates.

In contrast:

  • Strong Currency is the opposite, where less of the currency is needed to purchase goods or services.
  • Exchange Rate refers to the value of one currency for the purpose of conversion to another.
  • Free Convertible Currency is a currency that can be exchanged without restrictions.

Therefore, the best match for the given description is Weak Currency.

This problem has been solved

Similar Questions

Currency that requires more to purchase goods or servicesChoose matching termStrong CurrencyWeak CurrencyExchange RateFree Convertible CurrencySkipped

…...................is the value of one currency for the purpose of conversion to another.Select one:a.Exchange Rateb.Trade Tariffsc.Inflationd.None of these

he entity's functional currency is usually the ____________.a.Reporting currencyb.Local currencyc.None of the aboved.Functional currency

Which factor plays a role in establishing the value of a country’s currency?a. the attractiveness of the currency designb. the location of the countryc. supply and demandd. distance between countries

The conversion factor from one currency to another is referred to by what term?Currency rateCredit rateDiscount rateExchange rate

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.