Nearby Terms

major currency


A currency that is sufficiently liquid to be readily convertible to the currency of other nations. Major currency is most often associated with politically stable, highly industrialized nations. The U.S. Dollar, British Pound, Euro, and Japanese Yen are major currencies. Also called Hard Currency.

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 • market power  • political risk  • spot  • ranking  • Franc  • wholesale price  • paper currency  • hard currency
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