Good morning, let me introduce myself, my name is kevin, npm 1812120001, I want to ask to my friends, why does each country have its own national currency and why does it have a different nominal amount when exchanged with other foreign currencies? Thank you.
permission to answer. my name putri adelia npm 1812120126 in my opinion because every nation has a wealth of resources whose prices are different (some have silver, gold, gemstones), as a result many of them do not want to if the currency is equated with other countries' currencies. In addition, for some countries, currencies are also used to show national sovereignty. So, there is an "economic ego" factor that is owned by the state in order to continue to have their respective currencies
Good morning too. Let me introduce myself; my name is Ragil Septiana, NPM 1812120002. permission to answer ..
So, currencies are different from each country because of the economic differences of each country. But that does not rule out the possibility that one day there will be a global currency that can be used by the world population.
the reason why when we change money to a foreign currency then its value changes is because of the level of demand and supply of the foreign currency. example :
If many people exchange Rupiah with USD or it can be said that USD demand is increasing, then USD will be increasingly scarce. The impact is that the USD becomes more expensive. That is, to exchange Rupiah with USD, more Rupiah is needed. This event is called the depreciation of the Rupiah or the weakening Rupiah against the USD.
Conversely, if many people exchange USD with Rupiah or Rupiah demand increases, the Rupiah value becomes more expensive. This event is called appreciation of the Rupiah or strengthening of the Rupiah against the USD. There are several factors that cause the mechanism of demand and supply of currencies to always change, namely differences in inflation rates between countries, differences in interest rates between countries, conditions of the trade balance, public debt, to political and economic stability.
thankyou..
So, currencies are different from each country because of the economic differences of each country. But that does not rule out the possibility that one day there will be a global currency that can be used by the world population.
the reason why when we change money to a foreign currency then its value changes is because of the level of demand and supply of the foreign currency. example :
If many people exchange Rupiah with USD or it can be said that USD demand is increasing, then USD will be increasingly scarce. The impact is that the USD becomes more expensive. That is, to exchange Rupiah with USD, more Rupiah is needed. This event is called the depreciation of the Rupiah or the weakening Rupiah against the USD.
Conversely, if many people exchange USD with Rupiah or Rupiah demand increases, the Rupiah value becomes more expensive. This event is called appreciation of the Rupiah or strengthening of the Rupiah against the USD. There are several factors that cause the mechanism of demand and supply of currencies to always change, namely differences in inflation rates between countries, differences in interest rates between countries, conditions of the trade balance, public debt, to political and economic stability.
thankyou..
permission to answer your question
let me introduce myself, my name is aji setya mukti, npm 1812120046
because the monetary union eliminated those market signals and precluded the higher cost of funds that would otherwise have limited household borrowing. Thus every nation has its own currency system to combat its economic problems in its own way. and the values are determined by the forces of demand and supply (which varies between currencies). If there are more buyers than sellers of a certain currency, its value goes up. The reason why many people are buying maybe because the country is doing well and its economy is improving.
let me introduce myself, my name is aji setya mukti, npm 1812120046
because the monetary union eliminated those market signals and precluded the higher cost of funds that would otherwise have limited household borrowing. Thus every nation has its own currency system to combat its economic problems in its own way. and the values are determined by the forces of demand and supply (which varies between currencies). If there are more buyers than sellers of a certain currency, its value goes up. The reason why many people are buying maybe because the country is doing well and its economy is improving.
Name : Siusien Nithya
Npm : 1812120066
Hallo Kevin.. let me answer your question, each country have it's own national currency because the national currency as a tool rate.
On the fact that each of the country in the world has economic conditions different because a variety of factors that affect like a human resources, natural resources, a position geographical until cultural differences that directly and indirectly will affect the consumption of, the price of a commodity and activities exports imports of one of State. The difference these conditions are then be the basis of why every State has a different currency.
Npm : 1812120066
Hallo Kevin.. let me answer your question, each country have it's own national currency because the national currency as a tool rate.
On the fact that each of the country in the world has economic conditions different because a variety of factors that affect like a human resources, natural resources, a position geographical until cultural differences that directly and indirectly will affect the consumption of, the price of a commodity and activities exports imports of one of State. The difference these conditions are then be the basis of why every State has a different currency.