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Factors that determine the value of money.
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[QUOTE="funmi, post: 218345, member: 38880"] There are so many economic indicators that determines the value of a currency we may talk about the purchasing power, the intrinsic value and face value of the money and use all of that to determine what the currency is worth. When we look at the face value we are looking at what is writing on the surface of the currency, the face value may not really represent the purchasing power as the purchasing power is quiet different from the face value. Like in my country where the rate of inflation is so terrible when some take let's say N10,000 to the market you might say the face value of N10,000 is heavy but when the then thousand naira gets into the market it becomes almost nothing because you can not even afford to buy half bag of edible rice. You can imagine that. The intrinsic value is cost incurred in making the currency. This also determines the worth of the currency. Then the economic stability of a country also determines how strong yhr currency of such country will.certainly be , issues bothering on inflation rate, taxation rate, unemployment rate and the likes will determine the currency strength of a country. [/QUOTE]
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Factors that determine the value of money.
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