Hard Currency is defined as currency:
which can hardly be used for international transactions
Incorrect Answerwhich is used in times ofwar
Incorrect Answerwhich loses its value veryfast
Incorrect Answertraded in foreign exchange market for which demand is persistently relative to thesupply
Correct AnswerExplanation:
Hard currency refers to money that is issued by a nation that is seen as politically and economically stable. Hard currencies are widely accepted around the world as a form of payment for goods and services and may be preferred over the domestic currency.
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By: Parvesh Mehta