CBSE Class 10 Answered
Why is US dollar taken as the standard cureency
Asked by Panigrahiaditya05 | 06 Dec, 2022, 12:13: PM
Expert Answer
There are various political and economic reasons as to why US dollar is considered as a standard currency.
Before World War II, all global currencies were backed by gold and each government guaranteed that its money was good for a certain amount of gold. Then, the Bretton Woods agreement of 1944, which created the World Bank and the International Monetary Fund, and also established the U.S. dollar as the new gold. (The U.S. held most of the world's gold supply.) In post world war II era, America continued to dominate the global markets.
Answered by Social Science Expert | 07 Dec, 2022, 06:57: AM
Application Videos
-
goals of development other than income ...
This video explains the goals of development other than income -
different people having different development goals ...
This video explains the reasons associated with different people having dif... -
sustainable development
This videos explains the concept of sustainable development and why it is e... -
meaning/definition of globalisation
This video states the meaning/definition of globalisation -
factors which encourgae MNCs to set up their production ...
This video highlights the factors which encourgae MNCs to set up their prod...
Concept Videos
-
Seg_01_SectorsIndianEconomy_Economic_ActivitiesOfPrimar ...
Sectors of the Indian Economy -
Seg_02_SectorsIndianEconomy_TrendsInGrowthOfGDP_NEmploy ...
Sectors of the Indian Economy -
Seg_03_SectorsIndianEconomy_OrganisedNUnorganisedSector ...
Sectors of the Indian Economy -
SEG_01_Development_DifferentPeopleDifferentGoals
Development -
SEG_02_Development_Session_01_IncomeNOtherGoals
Development
CBSE 10 - Economics
Asked by vsrgvsriram | 05 Jan, 2023, 08:27: PM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by Panigrahiaditya05 | 06 Dec, 2022, 12:13: PM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by contactkimitayeng | 25 Oct, 2022, 06:15: AM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by saicharan.h.225 | 14 Sep, 2022, 10:45: AM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by parthmusale15.10 | 24 Aug, 2022, 08:26: PM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by im.sayedaftab | 18 Jul, 2022, 02:18: PM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by ranasaniya628 | 15 May, 2022, 03:17: PM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by priyasarithkumar | 03 Mar, 2022, 11:24: AM
ANSWERED BY EXPERTCBSE 10 - Economics
Asked by sy484739 | 18 Feb, 2022, 04:51: PM
ANSWERED BY EXPERT
