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    Current page location: Home > Answers > Why is international business done in dollars?
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    Ruby Brown
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    Why is international business done in dollars?

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    • Time:2018-09-17 15:06:03
    Why is international business done in dollars?
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    Krise Wu
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    he main reason why a particular currency is accepted universally is its value as a medium of exchange and its store up value. 

    Dollar is readily acceptable across the globe because of its stable exchange rate and risk of currency loss in times of inflation is limited.

    It can also be stored safely for future use. The two functions of money is effectively discharged by US dollar, for which it has gained world wide acceptability.

    #1Floor 2018-09-17 16:11:45 Reply(0)
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