What does Hard currency means?
Tags: hard currency
Asked by Kanchan M, 15 Dec '11 08:20 pm
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A currency, usually from a highly industrialised country, that is widely accepted around the world. in wwhich investors have full confidence and which is freely convertible any where ... like USD or British Pound Sterling.Answered by QueSera Sera, 15 Dec '11 08:24 pm
Cash in handAnswered by Tanupriya, 15 Dec '11 08:36 pm
Hard currency (also known as a safe-haven currency or strong currency), in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value. Factors contributing to a currency's hard status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank.
Source: https://secure.wikimedia.org/wikipedia/en/wiki/Hard_currencyAnswered by ambuj kumar, 15 Dec '11 08:27 pm
VashAnswered by conviction, 15 Dec '11 08:27 pm
Money in hand.....not in bank or stocks or gold....etcAnswered by Incredible Abhi, 15 Dec '11 08:24 pm