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.
Browse by Subjects
credit rating
Swissie
political risk
ranking
market power
See All Related Terms »

general damages
take up rate
human capital
interest rate margin
understate