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Home / Doubts and Solutions/CBSE/Class 10/Gk

WHAT IS CURRENCY VALUE BASED UPON ? LIST OF ALL THE COUNTRIES WITH LOWER CURRENCY VALUE THAN INDIA?LIST OF ALL THE POISONOUS SNAKES OF INDIA WITH PICTURES PLEASE?

Asked by bidyutbubu 15th June 2016, 10:05 PM
Answered by Expert
Answer:

Currency is a representative of the value of a nation's economy. Currency refers to money in any form when in actual use or circulation as a medium of exchange. 

The value of the currency is based on available resources in the country such as gold or other valuable natural resources.

More the resources to back the economy of the nation, higher the value of the currency. 

 

The names of a few countries whose currency value is lower than that of India are:

Vietnam, Belarus, Indonesia, Paraguay, Cambodia, Mongolia, Costa Rica, Hungary, Iceland, Sri Lanka, Nepal, South Korea, Zimbabwe, Japan, Chile, Uzbekistan, Djibouti, Yemen, Algeria, Laos, Tanzania and many others

 
 
PS: post 1 question at a time 
Answered by Expert 16th June 2016, 12:31 PM
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