Hard currency is:
Correct answer: D. money that can be readily converted to leading world currencies
- A. gold or silver bullion
- B. petrodollars
- C. money with a fixed exchange rate
- D. money that can be readily converted to leading world currencies
Explanation
Hard currency is readily accepted and easily exchanged for major world currencies, usually because it comes from a stable economy. It is not limited to gold, silver, or currencies with fixed exchange rates.
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Practise International Political Economy
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