Currency and International Commerce - 77575

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  • From: Social Sciences, Geography
  • Due on: Tue 04 Aug, 2015 (10:00pm)
  • Asked on: Tue 04 Aug, 2015
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Currency and International Commerce

Write a 2 page, double-spaced paper.

Address the following in your paper:

The US dollar has been used for decades as a medium of exchange, worldwide. Before the US dollar was so highly regarded, international commerce used the British pound sterling.

  • What causes world powers to choose to trade in one specific currency?
  • What does that mean for the world economy?
  • Why do the standard currencies change?
  • Do you see any changes in currency coming?

Note: Be sure to tie all that you write into both political and economic contexts.

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