Monetary system refers to instrument adopted by a country or an economic block for facilitating exchange. The monetary system is the means of generating and measuring debt and wealth in financial markets. Currency is the main tool used in monetary system, for measuring economic value. Other means of payments include checks, credit cards and debit cards. The momentary system also describes the economic approach adopted by government with respect to currency exchange market. There are two approaches to currency exchange market operations; fixed rate and floating rate. The Brazilian currency is called the Real (BRL/ R$) and has adopted floating ...
Essays on Fear Of Floating
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