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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rate differential swap
real exchange rate
hard currency
reciprocal of European terms
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debtor nation
line of credit
positive goodwill
chose in action
safeguarding of assets