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Currency competition

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  1. a monetary system in which private entities print money in order to satisfy the demand for a simple, low-cost method of trading goods and services

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 4, 2009
  2. usually backed by a valuable, exchangeable commodity such as gold or silver

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 4, 2009
  3. relatively rare as most countries have a fiat currency system in which there is a single, nationalized currency that is controlled by a central bank as a policy tool of the national government to attempt to control an economy

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 4, 2009
  4. also used to describe the relationship between separate fiat currencies in the global economy

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 4, 2009
  5. In this sense, two or more government-issued currencies, such as the United States dollar and the Euro of the Eurozone, retain domestic monopoly status but compete with each other across international borders

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 4, 2009
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