Why US dollar or Euro is common currency of world? Why not Indian Rupee? Economics Assignment Homework Help

Anonymous
timer Asked: May 25th, 2016
account_balance_wallet $5

Question Description

Why US dollar or Euro is common currency of world? Why not Indian Rupee?

A page summary 


Tutor Answer

ProfessorWhite5
School: UT Austin

Hello, friend here is the complete work

Common currency means stronger currency and more allied nations

This would make it harder for an economic downfall and a devalued dollar. With the more
participants under one currency, the currency is stronger. A common currency would also benefit
NAFTA in a positive way creating a more allied continent. Just like the European countries that
have linked themselves closer together with their successful common currency.

Yes. Both countries are related in more ways than one.

First of all, I would like to point out that the EU is not a failure. The people who run the
organization and spending money are failures. The idea of an economic union between Canada
and the U.S. would be better than the EU.
Why:
1. Germany and France actually run the show in the EU. Of cour...

flag Report DMCA
Review

Anonymous
Thanks, good work

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors