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
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.
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